Foundation for Life Ministries Inc

Analysis

Foundation for Life Ministries Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Foundation for Life Ministries Inc reported income of $253k and spending of $211k, spending 83% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $391k to $253k (-35%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for Life Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Oliver Patch Project Inc ($253k), Life House Ministries Inc ($253k) and Bmak Charity Thrifts ($253k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Other salaries and wages came to $31k. At year end it held assets of $950k against liabilities of $112k, net assets of $838k. It reported 1 employees.