Life House Ministries Inc

Analysis

Life House Ministries Inc is a registered charity in United States, based in Thomasville, AL. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 House Ministries Inc reported income of $253k and spending of $261k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $306k to $253k (-17%), an average of -9.0% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. 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, Life House Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Foundation for Life Ministries Inc ($253k), Matthew 25 Ministries ($253k) and Oliver Patch Project Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $37k against liabilities of $975, net assets of $36k.