Life Savers Ministries

Analysis

Life Savers Ministries is a registered charity in United States, based in Auburn, AL. It received its IRS tax-exemption ruling in June 1998, 28 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, Life Savers Ministries reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Savers Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Mamre Inc ($1.1m), Monteagle Assembly Endowment Fund Corporation ($1.1m) and Midwest Theological Forum Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% of the total. Compensation of current officers, directors and key employees was $112k (9.6% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 15 employees.