Applied Life Ministries Inc

Analysis

Applied Life Ministries Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Applied Life Ministries Inc reported income of $678k and spending of $673k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $678k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Applied Life Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within AR. Charities of a similar size with the same main cause include Helping Hand Developmentel Center Inc ($678k), Rock Solid High School ($678k) and Public Defenders Corporation 11th Judicial Circuit ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $27k (4.1% of expenses). Other salaries and wages came to $387k. At year end it held assets of $464k against liabilities of $3,808, net assets of $460k. It reported 26 employees.