Living the Faith Ministry

Analysis

Living the Faith Ministry is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in April 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, Living the Faith Ministry reported income of $452k and spending of $298k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $362k to $452k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living the Faith Ministry sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within AL. Charities of a similar size with the same main cause include Parish Resource Center Inc ($452k), Maharishi University of Enlightenment ($452k) and Mother of Mercy House Inc ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (4.0% of expenses). At year end it held assets of $242k against liabilities of $0, net assets of $242k. It reported 2 employees.