Life Worship Center Inc

Analysis

Life Worship Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life Worship Center Inc reported income of $395k and spending of $111k, leaving 72% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $384k to $395k (+2.7%), an average of +1.4% a year. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Worship Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Jubilee Community Church ($395k), Pillar of Hope Worldwide Outreach Inc ($395k) and Seed Time & Harvest Birmingham Restoration Church Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $328k, net assets of $1.4m.