Christ Life Ministries

Analysis

Christ Life Ministries is a registered charity in United States, based in Vinton, VA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, Christ Life Ministries reported income of $494k and spending of $460k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $494k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christ Life Ministries sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Phi Beta Psi Sorority ($494k), Eugenio Maria de Hostos Community ($494k) and Association of International Marathons and Road Races ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $108k (24% of expenses). Other salaries and wages came to $118k. At year end it held assets of $678k against liabilities of $11k, net assets of $667k. It reported 5 employees.