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 $7.6m and spending of $8.3m, spending 109% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $7.2m to $7.6m (+6.2%), an average of +2.0% a year. The sharpest change came in the year to August 2022, when income rose by 18%. Over the whole period it spent 91% 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 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Ron Burton Training Village Inc ($7.6m), Mailbox Club Inc ($7.6m) and Filter of Hope Inc ($7.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 42% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $79k (0.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.2m against liabilities of $191k, net assets of $6.0m. It reported 95 employees.