Fast Life Ministries

Analysis

Fast Life Ministries is a registered charity in United States, based in Pueblo West, CO. It received its IRS tax-exemption ruling in February 2022, 4 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, Fast Life Ministries reported income of $65k and spending of $81k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $65k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fast Life Ministries sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within CO. Charities of a similar size with the same main cause include Temple Israel of Alameda Foundation ($65k), Realm Ministries Incorporated ($65k) and Angels of Maranatha ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.