My Life Counsel Inc

Analysis

My Life Counsel Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in August 2021, 5 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, My Life Counsel Inc reported income of $485k and spending of $476k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $438k to $485k (+11%), an average of +11% a year. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, My Life Counsel Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Latin America Assistance Incorporated ($485k), Shivyog USA ($485k) and Truth Life & Word Womens Organization ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.