Life Matters Journal Inc

Analysis

Life Matters Journal Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Life Matters Journal Inc reported income of $105k and spending of $164k, spending 156% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $65k to $105k (+62%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 139% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Life Matters Journal Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include American Australian Education Leadership Foundation Inc ($105k), Flying Samaritans ($105k) and Guanacaste Literacy ($105k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 4.3% of the total. At year end it held assets of $28k against liabilities of $106, net assets of $28k.