Changed Lives Ministry Inc

Analysis

Changed Lives Ministry Inc is a registered charity in United States, based in Moncks Corner, SC. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Changed Lives Ministry Inc reported income of $1.6m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $788k to $1.6m (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Changed Lives Ministry 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 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Western-Washtenaw Area Value Express ($1.6m), Self-Reliance Inc ($1.6m) and National Association for the Dually Diagnosed ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 59% of the total. Other salaries and wages came to $121k. At year end it held assets of $3.0m against liabilities of $629k, net assets of $2.3m. It reported 25 employees.