Higher Life Ministries Inc

Analysis

Higher Life Ministries Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in May 2001, 25 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, Higher Life Ministries Inc reported income of $105k and spending of $121k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $105k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Higher Life Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Church of God Pentacostas Way of Florida Inc ($105k), Gethsemane Worship Center Inc ($105k) and Lotus Center of Silver City ($105k).

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 $12k against liabilities of $0, net assets of $12k.