Lifesong Ministries

Analysis

Lifesong Ministries is a registered charity in United States, based in Lewisburg, TN. It received its IRS tax-exemption ruling in July 1960, 66 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, Lifesong Ministries reported income of $453k and spending of $284k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $453k (+164%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifesong Ministries sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($453k), New York Open Water ($453k) and Steele County Historical Society ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $74k (26% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.2m against liabilities of $2,979, net assets of $1.2m. It reported 4 employees.