Better Life Ministries

Analysis

Better Life Ministries is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in December 1992, 34 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, Better Life Ministries reported income of $265k and spending of $239k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $286k to $265k (-7.5%), an average of -7.5% a year. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Better Life Ministries sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Brazilian Ag ($265k), Ark Youth Ministries ($265k) and Crossroads 4 Christ Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (5.8% of expenses). Other salaries and wages came to $6,307. At year end it held assets of $129k against liabilities of $5,139, net assets of $124k. It reported 2 employees.