Fellowshiplife Inc

Analysis

Fellowshiplife Inc is a registered charity in United States, based in Bernards, NJ. It received its IRS tax-exemption ruling in May 2023, 3 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 December 2023, Fellowshiplife Inc reported income of $11.0m and spending of $4.3m, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5.9m to $11.0m (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fellowshiplife Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Shiloh Home Inc ($11.0m), Pace Solano ($11.0m) and General Human Outreach in the Community Inc ($11.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $1.2m (27% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $12.7m against liabilities of $665k, net assets of $12.0m. It reported 32 employees.