Life Changers Outreach Regiment Inc

Analysis

Life Changers Outreach Regiment Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in May 2011, 15 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 2022, Life Changers Outreach Regiment Inc reported income of $645k and spending of $620k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $413k to $645k (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 32%. 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, Life Changers Outreach Regiment Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Yoke Youth Ministries ($645k), Chaplaincy Institute for Arts and Interfaith Ministries ($645k) and Sai Temple Inc ($645k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $89k (14% of expenses). Other salaries and wages came to $144k. At year end it held assets of $1.9m against liabilities of $1.4m, net assets of $538k.