Life Generating Church Inc

Analysis

Life Generating Church Inc is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life Generating Church Inc reported income of $425k and spending of $482k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $425k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Generating Church Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Anam Cara Ministries ($425k), No Hungry Children Inc ($425k) and Jesus Is the Answer Inc ($425k).

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 $9,600 (2.0% of expenses). Other salaries and wages came to $8,400. At year end it held assets of $409k against liabilities of $565k, net assets of -$156k. It reported 2 employees.