Life Ministries Inc

Analysis

Life Ministries Inc is a registered charity in United States, based in Franklin, PA. It received its IRS tax-exemption ruling in March 1969, 57 years ago. 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 Ministries Inc reported income of $264k and spending of $224k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $264k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Ministries Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Volunteers in Public Schools Inc ($264k), Edith B Ford Memorial Library ($264k) and Reunite the Fight Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 72% of the total. Other salaries and wages came to $82k. At year end it held assets of $623k against liabilities of $869, net assets of $622k. It reported 7 employees.