Word of Life Outreach Ministries Inc

Analysis

Word of Life Outreach Ministries Inc is a registered charity in United States, based in S Chesterfld, VA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Word of Life Outreach Ministries Inc reported income of $98k and spending of $69k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $98k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Word of Life Outreach Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Mission for the Interior International Inc ($98k), Faith Weavers of St Mary ($98k) and Breaker Ministries ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $455k against liabilities of $0, net assets of $455k.