Life Changing Ministries Inc

Analysis

Life Changing Ministries Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Life Changing Ministries Inc reported income of $598k and spending of $598k, spending 100% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $973k to $598k (-39%), an average of -38% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Changing Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Commission Mankind Inc ($598k), Canaveral Port Ministry Inc ($599k) and Shepherds Cup ($598k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. At year end it held assets of $408k against liabilities of $415k, net assets of -$6,547.