Refreshing Lives Church Inc

Analysis

Refreshing Lives Church Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in December 2006, 20 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 2021, Refreshing Lives Church Inc reported income of $247k and spending of $347k, spending 140% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income fell from $256k to $247k (-3.3%), an average of -1.1% a year. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Refreshing Lives Church Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Ora Academy ($247k), Hope Ministries International Inc ($247k) and Life Lane ($247k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (6.6% of expenses). Other salaries and wages came to $94k. At year end it held assets of $804k against liabilities of $943k, net assets of -$139k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.