Light of Life Ministries Inc

Analysis

Light of Life Ministries Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Light of Life Ministries Inc reported income of $12.3m and spending of $11.1m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.4m to $12.3m (+7.2%), an average of +1.8% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Light of Life Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Montgomery Academy Inc ($12.3m), The Childrens Home Society of Missouri ($12.3m) and South County Home Health ($12.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $163k (1.5% of expenses). Other salaries and wages came to $3.6m. It paid $375k in professional fundraising fees. At year end it held assets of $38.0m against liabilities of $8.6m, net assets of $29.3m. It reported 102 employees.