Exchanged Life Ministries Inc

Analysis

Exchanged Life Ministries Inc is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in April 1987, 39 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, Exchanged Life Ministries Inc reported income of $173k and spending of $187k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $173k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Exchanged Life Ministries 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 47th percentile within CO. Charities of a similar size with the same main cause include Red River Ministries Inc ($173k), Orr Family Ministries ($173k) and Centro Christiano de Fe ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $77k (41% of expenses). Other salaries and wages came to $9,255. At year end it held assets of $343k against liabilities of $48k, net assets of $295k. It reported 5 employees.