Life Mission Training Center

Analysis

Life Mission Training Center is a registered charity in United States, based in Hammonton, NJ. It received its IRS tax-exemption ruling in February 1974, 52 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Life Mission Training Center reported income of $344k and spending of $309k, spending 90% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $275k to $344k (+25%), an average of +4.6% a year. The sharpest change came in the year to August 2024, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Mission Training Center sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Clark County Historical Society ($344k), Friends of the Fort Worth Nature Center & Refuge Inc ($344k) and Jung Society of Washington ($344k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 67% and program service revenue 23% of the total. At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m.