Lifecompass Ministries

Analysis

Lifecompass Ministries is a registered charity in United States, based in Charleton, SC. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lifecompass Ministries reported income of $56k and spending of $54k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $63k to $56k (-11%), an average of -11% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lifecompass Ministries sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within SC. Charities of a similar size with the same main cause include Kitsap Foster Care Association ($56k), Jacksonville Womens Leadership Forum Inc ($56k) and Stokes Lawrence Charitable Foundation ($56k).

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 $4,055 against liabilities of $0, net assets of $4,055.