Mission Life Inc

Analysis

Mission Life Inc is a registered charity in United States, based in Wellfleet, NE. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mission Life Inc reported income of $103k and spending of $107k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $103k (-7.3%), an average of -7.3% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission Life Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NE. Charities of a similar size with the same main cause include Bctcares Foundation Inc ($103k), Best Friends Inc ($103k) and Gods Pantry ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $17k against liabilities of $1,183, net assets of $16k.