Life Mininstries Today Inc

Analysis

Life Mininstries Today Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in December 2008, 18 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 Mininstries Today Inc reported income of $224k and spending of $260k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $224k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Mininstries Today Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Barbier Ministries Inc ($224k), Watt Dhammaraingsei Buddhist Temple of Memphis Inc ($224k) and Pace E Bene Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $67k (26% of expenses). Other salaries and wages came to $67k. At year end it held assets of $143k against liabilities of $4,579, net assets of $139k. It reported 2 employees.