Lords Legacy Life Ministries Inc

Analysis

Lords Legacy Life Ministries Inc is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Lords Legacy Life Ministries Inc reported income of $3.3m and spending of $2.8m, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.3m to $3.3m (+46%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lords Legacy Life Ministries Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Weaverland Mennonite Homes ($3.3m), Rotary Plaza-Hacsc HDC Inc ($3.3m) and Family Extended Care of Central Tampa Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $200k (7.2% of expenses). Other salaries and wages came to $239k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 17 employees.