Lazarus House Ministries Inc

Analysis

Lazarus House Ministries Inc is a registered charity in United States, based in Wildwood, NJ. It received its IRS tax-exemption ruling in February 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, Lazarus House Ministries Inc reported income of $185k and spending of $238k, spending 128% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $249k to $185k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. 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, Lazarus House Ministries Inc 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 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Sonic Automotive Family Emergency Fund ($185k), Mission Valley Senior Citizens Inc ($185k) and Power of Peace Initiative Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $934k against liabilities of $216k, net assets of $718k.