Life Ministries

Analysis

Life Ministries is a registered charity in United States, based in Auburn, AL. It received its IRS tax-exemption ruling in March 2010, 16 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Life Ministries reported income of $279k and spending of $280k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $279k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Ministries sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Fargo-Moorhead Curling Club ($279k), Altrusa International Foundation Inc ($279k) and Saint James Antioch Orthodox Church Corporation ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $177k (63% of expenses). Other salaries and wages came to $15k. At year end it held assets of $9,834 against liabilities of $0, net assets of $9,834. It reported 1 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.