Life Ministry International

Analysis

Life Ministry International is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in January 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, Life Ministry International reported income of $134k and spending of $151k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $266k to $134k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life Ministry International sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within AK. Charities of a similar size with the same main cause include Jesus Ministries International ($134k), Ankise Miheret Batalemariam Ethiopian Orthodox Tewahedo Church ($134k) and Union Storage of Montclair Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.