Life Ministry Inc

Analysis

Life Ministry Inc is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in June 2019, 7 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 Ministry Inc reported income of $112k and spending of $118k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $112k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Ministry Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 34th percentile within ME. Charities of a similar size with the same main cause include Grassroots Revival Inc ($112k), Mid-Hudson Love in the Name Ofchrist ($112k) and Lifes Lessons Ministries Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $75k against liabilities of $14k, net assets of $61k.