Lifewell Ministries Inc

Analysis

Lifewell Ministries Inc is a registered charity in United States, based in Snellville, GA. It received its IRS tax-exemption ruling in February 2020, 6 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, Lifewell Ministries Inc reported income of $164k and spending of $153k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $164k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. 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, Lifewell Ministries Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Loc Ministries ($164k), Christ International Theological Seminary ($164k) and West-Central Missouri Vetrans Home Assistance League ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $57k against liabilities of $22k, net assets of $35k.