Life Literature Inc

Analysis

Life Literature Inc is a registered charity in United States, based in Woodleaf, NC. It received its IRS tax-exemption ruling in March 2013, 13 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, Life Literature Inc reported income of $119k and spending of $142k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $119k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income rose by 184%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Literature Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Emmanuel Csi Church Inc ($119k), Hunook Ministries Inc ($119k) and Desire of All Nations ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 212% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.