Life Ministries Global USA Inc

Analysis

Life Ministries Global USA Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in August 2003, 23 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 2023, Life Ministries Global USA Inc reported income of $135k and spending of $134k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $135k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Ministries Global USA 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 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Institute of Theology and Christian Ministry Foundation ($135k), Solomons Porch Inc ($135k) and Rock Bottom Hope ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $574 against liabilities of $0, net assets of $574.