Lifeword Broadcast Ministries

Analysis

Lifeword Broadcast Ministries is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Lifeword Broadcast Ministries reported income of $1.7m and spending of $1.9m, spending 111% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.5m to $1.7m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to May 2021, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifeword Broadcast Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within AR. Charities of a similar size with the same main cause include Classical Music Institute Cmi ($1.7m), Hope Ignites New York ($1.7m) and The Work Group ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 59% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $52k (2.8% of expenses). Other salaries and wages came to $469k. At year end it held assets of $5.5m against liabilities of $79k, net assets of $5.4m. It reported 9 employees.