Living Well Ministries Inc

Analysis

Living Well Ministries Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in February 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Living Well Ministries Inc reported income of $169k and spending of $182k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $142k to $169k (+19%), an average of +9.0% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Living Well Ministries Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Fairmount Church Cooperative Nursery ($169k), Little League Baseball Inc ($169k) and The Chinese Language School of Southern California ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $275k against liabilities of $0, net assets of $275k.

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.