Prophetic Life Ministry

Analysis

Prophetic Life Ministry is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2003, 23 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, Prophetic Life Ministry reported income of $590k and spending of $692k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $420k to $590k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prophetic Life Ministry sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Get Strong Ministries Inc ($589k), Veritas College International ($590k) and Isaac Innovative Space for Asian American Christianity ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $276k (40% of expenses). Other salaries and wages came to $82k. At year end it held assets of $491k against liabilities of $388k, net assets of $103k. It reported 6 employees.