One Life Ministries Inc

Analysis

One Life Ministries Inc is a registered charity in United States, based in Chapin, SC. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, One Life Ministries Inc reported income of $77k and spending of $70k, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $82k to $77k (-6.5%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, One Life Ministries Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include New Life International Mission Inc ($77k), Brown County Jail Ministries Inc ($77k) and The Initiative ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 15% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.