Life Song Ministries

Analysis

Life Song Ministries is a registered charity in United States, based in Monroe, WA. It received its IRS tax-exemption ruling in July 2017, 9 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, Life Song Ministries reported income of $99k and spending of $123k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $99k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Song Ministries sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 32nd percentile within WA. Charities of a similar size with the same main cause include Gospel Healing Mission Center ($99k), Katarina Goitz Foundation for Youth and Young Adult Ministry ($99k) and Community of the Cross Ministries Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.