Fountains of Life Inc

Analysis

Fountains of Life Inc is a registered charity in United States, based in Atlantic Beach, FL. It received its IRS tax-exemption ruling in December 2000, 26 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, Fountains of Life Inc reported income of $119k and spending of $134k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $128k to $119k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fountains of Life 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 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Gratia Presbyterian Church ($119k), Mt Zion Pentecostal Churches of God Inc ($119k) and The Afriwomen Network Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (62% of expenses). At year end it held assets of $42k against liabilities of $56, net assets of $42k. It reported 2 employees.