Light of Life Ministries / Light of Life Rescue Mission

The information on this page was last updated 6/20/2024. If you see errors or omissions, please email: [email protected]


Summary

Light of Life transforms lives through the love of Christ by providing food, shelter, and hope to men, women, and children experiencing homelessness, poverty, or addiction to restore them as healthy members of our community.


Contact information

Mailing address:
Light of Life Rescue Mission
665 Ridge Avenue
Pittsburgh, PA 15212

Website: lightoflife.org

Phone: (412) 258-6100

Email: [email protected]


Organization details

EIN: 251056389

CEO/President: Jerrel T. Gilliam

Chairman: Natalie Kreter

Board size: 16

Founder:

Ruling year: 1953

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1989


Purpose

We are a model community providing hope and healing to Pittsburgh's homeless and hurting.


Mission statement

Light of Life transforms lives through the love of Christ by providing food, shelter, and hope to men, women, and children experiencing homelessness, poverty, or addiction to restore them as healthy members of our community.


Statement of faith

We believe the Bible to be the inspired, authoritative, and only infallible Word of God and the final authority in all matters of faith and conduct.

We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

We believe in the deity and humanity of Christ, in His virgin birth, His sinless life, His miracles, and His substitutionary and atoning death through shedding His own blood; we believe in His bodily resurrection, His ascension to the right hand of the Father, His present rule as Head of the Church, and His personal return in power and glory.

We believe that God wonderfully and immutably creates each person as male and female, and these two distinct, complementary sexes reflect the image and nature of God.

We believe that regeneration by the Holy Spirit is absolutely essential for the salvation of lost and sinful men and women and that this is wholly a work of God's grace, not human effort.

We believe in the present ministry of the Holy Spirit, who enables the Christian to live a godly life by dwelling within him/her.

We believe in the resurrection of both the saved and the lost, those who are saved into everlasting life and fellowship with the Lord and those who are lost into everlasting judgment, condemnation, and separation from God.

We believe in the spiritual unity of all believers in our Lord Jesus Christ, including equality across racial, gender, and class differences.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating1021 of 1110129 of 138
Fund acquisition rating791 of 1111107 of 138
Resource allocation rating980 of 1111121 of 138
Asset utilization rating927 of 1110121 of 138

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%16%12%15%15%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%16%12%15%15%15%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%97%100%99%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%18%17%20%22%22%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%3%0%1%1%0%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%69%73%69%68%70%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%90%70%74%70%66%
Program output ratio Program output ratio =
Program services /
Total revenue
75%62%51%51%48%46%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%10%30%26%30%34%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%4%15%13%27%39%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%13%10%12%10%7%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.290.330.360.460.71
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.953.994.432.943.331.50
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.771.161.481.071.531.06
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.9115.3514.6316.333.4911.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.070.070.060.290.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.039.637.5710.515.6010.27
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%23%4%2%29%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%6%3%0%4%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
154%265%288%268%155%132%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$5,378,491$5,056,997$6,378,381$2,359,994$3,139,263
Receivables, inventories, prepaids$3,793,385$1,241,787$1,604,549$2,501,588$1,881,450
Short-term investments$348,002$333,150$345,073$913,422$2,043,386
Other current assets$0$0$0$0$0
Total current assets$9,519,878$6,631,934$8,328,003$5,775,004$7,064,099
Long-term investments$8,019,278$8,019,278$8,019,278$0$0
Fixed assets$2,539,833$2,239,910$3,153,319$8,430,643$3,510,881
Other long-term assets$17,893,668$12,483,450$5,013,750$5,013,750$0
Total long-term assets$28,452,779$22,742,638$16,186,347$13,444,393$3,510,881
Total assets$37,972,657$29,374,572$24,514,350$19,219,397$10,574,980
 
Liabilities20232022202120202019
Payables and accrued expenses$511,523$362,433$510,057$1,654,214$632,017
Other current liabilities$108,640$90,978$0$0$0
Total current liabilities$620,163$453,411$510,057$1,654,214$632,017
Debt$2,378,713$750,000$62,131$690,100$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,632,825$0$0$3,163,098$0
Total long-term liabilities$8,011,538$750,000$62,131$3,853,198$0
Total liabilities$8,631,701$1,203,411$572,188$5,507,412$632,017
 
Net assets20232022202120202019
Without donor restrictions$29,077,019$28,056,161$21,810,186$12,778,050$7,251,295
With donor restrictions$263,937$115,000$2,131,976$933,935$2,691,668
Net assets$29,340,956$28,171,161$23,942,162$13,711,985$9,942,963
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$11,862,807$14,035,962$11,983,068$12,516,934$11,417,071
Program service revenue$12,380$15,440$7,616$9,851$27,562
Membership dues$0$0$0$0$0
Investment income$259,196$137,032$75,934$84,022$73,257
Other revenue$121,244($168,410)$24,900($4,437)($86,936)
Total other revenue$392,820($15,938)$108,450$89,436$13,883
Total revenue$12,255,627$14,020,024$12,091,518$12,606,370$11,430,954
 
Expenses20232022202120202019
Program services$7,646,826$7,140,209$6,115,395$6,046,941$5,266,721
Management and general$1,486,719$984,547$1,056,786$877,186$562,429
Fundraising$1,952,287$1,672,389$1,753,278$1,912,880$1,688,334
Total expenses$11,085,832$9,797,145$8,925,459$8,837,007$7,517,484
 
Change in net assets20232022202120202019
Surplus (deficit)$1,169,795$4,222,879$3,166,059$3,769,363$3,913,470
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,169,795$4,222,879$3,166,059$3,769,363$3,913,470

Compensation

NameTitleCompensation
Jerrel GilliamExecutive Director$163,482

Compensation data as of: 9/30/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/20/2024. To update the information below, please email: [email protected]


History


Program accomplishments

250,000+ meals
1,500+ homeless people served
1,000+ women and children served


Needs