Life Ministries US

Analysis

Life Ministries US is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Ministries US reported income of $282k and spending of $244k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $305k to $282k (-7.6%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Ministries US sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NM. Charities of a similar size with the same main cause include Unicoi County Prevention Coalition Inc ($282k), Bluebirds and Blooms Inc ($282k) and Champions Community Health Clinic Inc ($282k).

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 $117k (48% of expenses). Other salaries and wages came to $55k. At year end it held assets of $55k against liabilities of $0, net assets of $55k.