Strong Life Ministries

Analysis

Strong Life Ministries is a registered charity in United States, based in Conover, NC. It received its IRS tax-exemption ruling in May 2019, 7 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, Strong Life Ministries reported income of $305k and spending of $238k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $435k to $305k (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Strong Life Ministries sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Center for Christian Counseling ($305k), Franklin Avenue Mission Inc ($305k) and Family Promise of Greater Helena Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $18k (7.5% of expenses). Other salaries and wages came to $46k. At year end it held assets of $655k against liabilities of $506, net assets of $655k. It reported 7 employees.