Eternal Life Inc

Analysis

Eternal Life Inc is a registered charity in United States, based in Bardstown, KY. It received its IRS tax-exemption ruling in November 1989, 37 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, Eternal Life Inc reported income of $687k and spending of $329k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $687k (+154%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 881%. Over the whole period it spent 34% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Eternal Life Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Teen Feed ($687k), Woodlands Methodist Church Foundation Inc ($687k) and Net Increase Foundation Inc ($686k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. Compensation of current officers, directors and key employees was $12k (3.6% of expenses). At year end it held assets of $6.0m against liabilities of $0, net assets of $6.0m.