Life Radio Ministries Inc

Analysis

Life Radio Ministries Inc is a registered charity in United States, based in Griffin, GA. It received its IRS tax-exemption ruling in June 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, Life Radio Ministries Inc reported income of $685k and spending of $735k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $856k to $685k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Radio Ministries Inc 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 GA. Charities of a similar size with the same main cause include Adonai International Ministries ($684k), Meet Ministry ($685k) and The Hope Center of Jackson ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $185k (25% of expenses). Other salaries and wages came to $158k. At year end it held assets of $626k against liabilities of $11k, net assets of $615k. It reported 7 employees.