Lifesource Ministries Inc

Analysis

Lifesource Ministries Inc is a registered charity in United States, based in Rhinelander, WI. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lifesource Ministries Inc reported income of $190k and spending of $179k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $185k to $190k (+2.7%), an average of +0.9% a year. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifesource Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include 200 Oblate Incorporated ($190k), Asgpp Inc ($190k) and Indiana Council on Problem Gambling Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $50k (28% of expenses). Other salaries and wages came to $26k. At year end it held assets of $307k against liabilities of $5,722, net assets of $302k. It reported 4 employees.