Life-Giving Wounds Corporation

Analysis

Life-Giving Wounds Corporation is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Life-Giving Wounds Corporation reported income of $282k and spending of $231k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $204k to $282k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life-Giving Wounds Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Bluebirds and Blooms Inc ($282k), Rooms of Hope Inc ($282k) and Life Ministries US ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $86k (37% of expenses). At year end it held assets of $236k against liabilities of $8,546, net assets of $228k. It reported 1 employees.