Living Faith World Ministries Inc

Analysis

Living Faith World Ministries Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Living Faith World Ministries Inc reported income of $675k and spending of $496k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $606k to $675k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living Faith World 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 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Northeast Albuquerque Church of Christ Inc ($674k), Kinward ($675k) and Chabad Lubavitch of Cancun Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.