Word of Life Foundation Inc

Analysis

Word of Life Foundation Inc is a registered charity in United States, based in Schroon Lake, NY. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Foundation Inc reported income of $24.5m and spending of $17.3m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.1m to $24.5m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Word of Life Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Truth for Life ($24.0m), World Jewish Congress American Section Inc ($24.7m) and Mission of Hope ($23.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $28.0m against liabilities of $0, net assets of $28.0m.