Life Transforming Ministries

Analysis

Life Transforming Ministries is a registered charity in United States, based in Coatesville, PA. It received its IRS tax-exemption ruling in May 1999, 27 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, Life Transforming Ministries reported income of $499k and spending of $500k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $499k (+24%), an average of +5.5% a year. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Transforming Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include India Gospel Mission ($499k), Tam Nguyen Temple III ($499k) and Kris Vallotton Ministries ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $238k. At year end it held assets of $423k against liabilities of $13k, net assets of $410k. It reported 7 employees.