Life Assurance Ministries Inc

Analysis

Life Assurance Ministries Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life Assurance Ministries Inc reported income of $210k and spending of $187k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $210k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Assurance Ministries Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within AZ. Charities of a similar size with the same main cause include Jesus Supernatural Sword of Power Ministry 1 Inc ($210k), Table Urban Farm ($210k) and Igby International Ministries ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $231k against liabilities of $0, net assets of $231k.