L I F E Ministries Inc

Analysis

L I F E Ministries Inc is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover health care, 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, L I F E Ministries Inc reported income of $799k and spending of $572k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $799k (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, L I F E Ministries Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Restoration Center Inc ($799k), Jackson County Sart ($799k) and Colorado Boys Ranch Foundation ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.3m against liabilities of $34k, net assets of $1.3m. It reported 7 employees.