Life Group

Analysis

Life Group is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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, Life Group reported income of $51k and spending of $41k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $51k (+11%), an average of +11% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Group sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within TN. Charities of a similar size with the same main cause include Marathi Mandal of Philadelphia Inc ($51k), Retreat House Corporation of the Adams County Council of Churches ($51k) and Virginia Congress of Parents and Teachers ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.