Sovereign Life Ministries Inc

Analysis

Sovereign Life Ministries Inc is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in September 2010, 16 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, Sovereign Life Ministries Inc reported income of $56k and spending of $55k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $56k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sovereign Life Ministries Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include United Buddhist Foundation ($56k), Wee Can Know Inc ($56k) and Muslim Association of Huntington ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,407 against liabilities of $0, net assets of $3,407.