Life Prep Ministries

Analysis

Life Prep Ministries is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Life Prep Ministries reported income of $81k and spending of $105k, spending 131% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $83k to $81k (-3.1%), an average of -3.1% a year. Over the whole period it spent 115% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Life Prep Ministries sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Yes ($81k), Never Say Never Foundation Inc ($81k) and Cuyahoga Falls Athletic Booster Club ($80k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 26% of the total. At year end it held assets of $13k against liabilities of $1,683, net assets of $11k.