Life House Church

Analysis

Life House Church is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in June 2000, 26 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 2020, Life House Church reported income of $679k and spending of $623k, spending 92% of its income. Across the 3 years on record, from December 2018 to December 2020, income fell from $1.0m to $679k (-32%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life House Church sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Canyon Ministries ($679k), Kung Meng Sheng Tao USA Southern Center Inc ($679k) and Tikvat Am Yisrael Inc ($679k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $176k. At year end it held assets of $5.2m against liabilities of $2.9m, net assets of $2.3m.