Living Word Full Gospel Ministry Inc

Analysis

Living Word Full Gospel Ministry Inc is a registered charity in United States, based in Harvey, LA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Living Word Full Gospel Ministry Inc reported income of $210k and spending of $227k, spending 108% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $316k to $210k (-34%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living Word Full Gospel Ministry Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Beth Ahron Visrael - Bavi Chesed Fund Inc ($210k), 7117 Ministries Inc ($210k) and Florida Coalition of Christian Private Schools Association Inc ($210k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (32% of expenses). At year end it held assets of $330k against liabilities of $346k, net assets of -$16k.