Mineral Wells Center of Life

Analysis

Mineral Wells Center of Life is a registered charity in United States, based in Mineral Wells, TX. It received its IRS tax-exemption ruling in September 2011, 15 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, Mineral Wells Center of Life reported income of $459k and spending of $422k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $459k (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mineral Wells Center of Life 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 73rd percentile within TX. Charities of a similar size with the same main cause include Heits Point Lutheran Ministries Inc ($459k), MP Prajna Buddhist Mission Inc ($460k) and Front Line Ministries Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 2.2% of the total. Other salaries and wages came to $149k. At year end it held assets of $303k against liabilities of $234k, net assets of $69k. It reported 24 employees.