Life Saver Ministries Inc

Analysis

Life Saver Ministries Inc is a registered charity in United States, based in Gloversville, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Life Saver Ministries Inc reported income of $152k and spending of $146k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $152k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Saver Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Forget-Me-Not Thrift Store ($152k), Leadership Institute of Acadiana Inc ($152k) and Ardis Rhinehart Kremer Home of the United Church of Christ ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (22% of expenses). Other salaries and wages came to $11k. At year end it held assets of $266k against liabilities of $3,371, net assets of $263k. It reported 2 employees.