Lifetouch Ministries Inc

Analysis

Lifetouch Ministries Inc is a registered charity in United States, based in Winona Lake, IN. It received its IRS tax-exemption ruling in January 2006, 20 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, Lifetouch Ministries Inc reported income of $422k and spending of $366k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $422k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lifetouch Ministries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Consumed Ministries ($422k), Noor Islamic & Cultural Community Center ($422k) and Berean Assembly Ministries Inc ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $76k (21% of expenses). Other salaries and wages came to $54k. At year end it held assets of $102k against liabilities of $4,733, net assets of $97k. It reported 9 employees.