Good Life Ministries

Analysis

Good Life Ministries is a registered charity in United States, based in Catlett, VA. It received its IRS tax-exemption ruling in July 2020, 6 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 July 2023, Good Life Ministries reported income of $1.6m and spending of $1.5m, spending 91% of its income. Across the 6 years on record, from September 2018 to July 2023, income grew from $958k to $1.6m (+70%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 53%. 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, Good Life Ministries sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Providence Educational Foundation ($1.6m), Camp Victory Christian Camp ($1.6m) and Orange County Islamic Foundation ($1.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $88k. It paid $23k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $4,670, net assets of $1.7m. It reported 58 employees.