Lifeway Center Inc

Analysis

Lifeway Center Inc is a registered charity in United States, based in Salem, MO. It received its IRS tax-exemption ruling in November 1968, 58 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifeway Center Inc reported income of $1.1m and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income rose by 151%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifeway Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within MO. Charities of a similar size with the same main cause include Pilgrim Baptist Church of San Mateo ($1.1m), Colloqate Design ($1.1m) and Patronato Benefico Oriental of the United States ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $422k against liabilities of $0, net assets of $422k.