For Life Ministries Inc

Analysis

For Life Ministries Inc is a registered charity in United States, based in Owens X RDS, AL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, For Life Ministries Inc reported income of $194k and spending of $172k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $194k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, For Life Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Community Organized & Operated Latchkey -C O O L- Inc ($194k), Caring Hearts Pregnancy Center of Alexander County Inc ($194k) and Geauga County Hunger Task Force ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (11% of expenses). Other salaries and wages came to $5,222. At year end it held assets of $103k against liabilities of $432, net assets of $103k. It reported 3 employees.