K-Life Ministries

Analysis

K-Life Ministries is a registered charity in United States, based in Branson, MO. It received its IRS tax-exemption ruling in September 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, K-Life Ministries reported income of $3.6m and spending of $3.8m, spending 105% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $3.7m to $3.6m (-3.7%), an average of -3.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, K-Life Ministries sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Ronald McDonald House of Fort Worth Inc ($3.6m), Guernsey County Senior Citizens Center Inc ($3.6m) and Biomedical Engineering Society ($3.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $391k. At year end it held assets of $329k against liabilities of $19k, net assets of $310k. It reported 95 employees.