Faithlife Ministries Inc

Analysis

Faithlife Ministries Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in June 2001, 25 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, Faithlife Ministries Inc reported income of $87k and spending of $65k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $87k (+13%), an average of +13% a year. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faithlife Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within GA. Charities of a similar size with the same main cause include HRBC Inc ($87k), Mision Evangelica Rey de Reyes Inc ($87k) and Phap Lac Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.