Lifeline Faith Ministries Inc

Analysis

Lifeline Faith Ministries Inc is a registered charity in United States, based in Wellford, SC. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lifeline Faith Ministries Inc reported income of $171k and spending of $176k, spending 103% of its income. Across the 3 years on record, from December 2017 to December 2023, income grew from $1,233 to $171k (+13801%), an average of +1079% a year. The sharpest change came in the year to December 2022, when income rose by 12815%. Over the whole period it spent 133% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lifeline Faith Ministries Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Wilmot Community Foundation ($171k), Alan Thayer Mudge Memorial Fund Inc ($172k) and Friends of Publish What You Fund ($171k).

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 $98k against liabilities of $0, net assets of $98k.