Life Ministries Inc

Analysis

Life Ministries Inc is a registered charity in United States, based in Winchester, KY. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 2023, Life Ministries Inc reported income of $79k and spending of $70k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $79k (+6.3%), an average of +6.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Ministries Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KY. Charities of a similar size with the same main cause include Wheatley Scholarship Fund Inc ($79k), Colorado Golden Gloves Charities Inc ($79k) and Lincoln Boyhood Drama Association Inc ($79k).

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 $129k against liabilities of $885, net assets of $128k.