Lifequest Church Inc

Analysis

Lifequest Church Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifequest Church Inc reported income of $105k and spending of $93k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $105k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lifequest Church Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Minn-I-Kota League ($105k), Spiritis Church of Christ Blessing ($105k) and Generations International Ministry Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $54k against liabilities of $620, net assets of $54k.