Lifestreams Ministries Inc

Analysis

Lifestreams Ministries Inc is a registered charity in United States, based in Newbury Park, CA. It received its IRS tax-exemption ruling in August 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, Lifestreams Ministries Inc reported income of $197k and spending of $291k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $197k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 133%. Over the whole period it spent 334% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lifestreams Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Operation Transformation ($196k), Texas State Championship Fiddlers Frolics ($197k) and International Gospel Outreach Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $277k against liabilities of $3,603, net assets of $274k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.