Light of Life Ministries Inc

Analysis

Light of Life Ministries Inc is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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, Light of Life Ministries Inc reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+1.9%), an average of +0.5% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Light of Life Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within ME. Charities of a similar size with the same main cause include Oklahoma Sheriff Association ($1.1m), Method Child Development Center Inc ($1.1m) and Rhode Island Council for the Humanities ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $782k. At year end it held assets of $2.6m against liabilities of $1.8m, net assets of $821k.