Life Resources Inc

Analysis

Life Resources Inc is a registered charity in United States, based in Mandeville, LA. It received its IRS tax-exemption ruling in July 1999, 27 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 Resources Inc reported income of $283k and spending of $237k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $283k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Resources Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Joseph Pedott Perpetual Endowment Trust ($283k), Spirit and Truth Ministries of ($283k) and Cooperative Baptist Fellowship of Virginia Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $95k (40% of expenses). At year end it held assets of $590k against liabilities of $12k, net assets of $579k. It reported 3 employees.