Presence Life Connections

Analysis

Presence Life Connections is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Presence Life Connections reported income of $46.9m and spending of $63.0m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $91.7m to $46.9m (-49%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presence Life Connections sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include New America Foundation ($46.8m), Frick Collection ($47.0m) and Shawnigan Lake School ($46.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Other salaries and wages came to $21.0m. At year end it held assets of $33.7m against liabilities of $5.9m, net assets of $27.9m. It reported 758 employees.

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.