Lasting Life Ministries Inc

Analysis

Lasting Life Ministries Inc is a registered charity in United States, based in Great Bend, KS. It received its IRS tax-exemption ruling in June 1993, 33 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, Lasting Life Ministries Inc reported income of $453k and spending of $494k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $453k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lasting Life Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within KS. Charities of a similar size with the same main cause include Oregon Trail of Hope ($453k), Tzidkas Ohr Yeshaye Inc ($453k) and Self Esteem Boston Educational Institute Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $293k. At year end it held assets of $1.9m against liabilities of $146k, net assets of $1.7m. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.