Live-It Ministries Inc

Analysis

Live-It Ministries Inc is a registered charity in United States, based in Seymour, TN. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Live-It Ministries Inc reported income of $520k and spending of $603k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $396k to $520k (+31%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Live-It Ministries Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include What If-Foundation ($520k), Pawnee Playcare ($520k) and Mothers Grace ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Other salaries and wages came to $295k. At year end it held assets of $659k against liabilities of $638k, net assets of $21k. It reported 26 employees.