Mission Life Inc

Analysis

Mission Life Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mission Life Inc reported income of $176k and spending of $249k, spending 142% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $216k to $176k (-19%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission Life Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Iglesia Pentecostes Cristo Viene ($176k), Hidden Life Ministries ($176k) and Iglesia Pentecostal Vida Eterna Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $68k (27% of expenses). At year end it held assets of $23k against liabilities of $2,691, net assets of $20k. It reported 1 employees.