Word of Life International Inc

Analysis

Word of Life International Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Word of Life International Inc reported income of $3.7m and spending of $3.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.7m (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Word of Life International Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Father Flanagans Boys Home ($3.7m), Community Youth Network Inc ($3.7m) and Israel Select Charity Fund Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $84k. At year end it held assets of $985k against liabilities of $389k, net assets of $595k. It reported 11 employees.