Focused Living Ministries Inc

Analysis

Focused Living Ministries Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 1995, 31 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, Focused Living Ministries Inc reported income of $323k and spending of $339k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $550k to $323k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Focused Living Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Next Wave Muslim Initiative Inc ($323k), The Compassion Advocacy Network Inc ($323k) and Refiners House ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $242k (72% of expenses). At year end it held assets of $470k against liabilities of $6,941, net assets of $463k. It reported 4 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.