Eternal Life Inc

Public charity · Grantmaker Bardstown, KY EIN: 61-1164067

The organization is dedicated to promoting and defending the roman catholic religion and educating people about the faith. In order to accomplish the mission and educate people about the faith, the organization distributes catholic literature and audio recordings that provide information about catholicism. The organization also conducts religious conferences.

Key facts about Eternal Life Inc

In short: Eternal Life Inc gave $166K across 5 grants in 2024 (avg $33K). Source: 2024 IRS Form 990.

EIN
61-1164067
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$165,890
Grants made (2024)
5
Average grant
$33,178
Median grant
$47,790
Total assets
$6,661,676

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$6.7M

+10.3% YoY

Annual Giving

$166K

+55.0% YoY

Grant Count

5

+66.7% YoY

Avg Grant Size

$33K

-7.0% YoY

How Eternal Life Inc gives

  • Giving grew 374% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Eternal Life Inc

Based on IRS filings

Eternal Life Inc is a public charity focused on religion, based in Bardstown, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.7M in total assets. In 2024, it awarded 5 grants totaling $166K. Net investment income was $683K.

Focus Areas

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Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K1 grant2020 2 grants2021 2 grants2022 3 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $19K (2020) to $166K (2024). In 2024 it made 5 grants totaling $166K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Holy Angels Academy: $55KHoly Angels Academy$55KImmaculate Classical Academy: $50KImmaculate Classical Academy$50KReal Presence Ee & Aa: $48KReal Presence Ee & Aa$48KShrine of Our Lady of Guadalupe: $8KShrine of Our Lady ofGuadalupe$8KAlaworthy Vestments: $5KAlaworthy Vestments$5K

The largest 2024 recipient was Holy Angels Academy ($55K). Together the top 5 received $166K.

Grant Size Distribution

13 grants across all recorded years

8<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 13 (62%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Holy Angels Academy Support Orthodox Roman Catholic Causes and Programs$55,000
Immaculate Classical Academy Support Orthodox Roman Catholic Causes and Programs$50,000
Real Presence Ee & Aa Support Orthodox Roman Catholic Causes and Programs$47,790
Shrine of Our Lady of Guadalupe Support Orthodox Roman Catholic Causes and Programs$8,000
Alaworthy Vestments Support Orthodox Roman Catholic Causes and Programs$5,100

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$6,661,676$6,040,456$5,637,807
Revenue$820,816$686,615$2,356,122
Expenses$356,103$329,360$333,567
Net Investment Income$683,492$514,697$56,280

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS May 4, 2022)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Eternal Life Inc's 2024 filing lists 4 officers; 1 of 4 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Martha Spalding

    Director, Secretary & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Philip Spalding

    Director & Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jared Spalding

    Treasurer

    On filings since 2023

    10 hrs/week

    $12K (2023) → $18K (2024)

  • Thomas P. Monaghan

    Member of Board

    On filings since 2020

    4 hrs/week

    No compensation reported

Former officers (1)
  • Former: Roger Arnsparger (2020–2021) — Director & President

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Jared Spalding — Treasurer: $18KJared SpaldingTreasurer$18K

The highest reported compensation on the 2024 filing was $18K, to Jared Spalding (Treasurer).

Frequently asked questions about Eternal Life Inc

How much does Eternal Life Inc give each year?

Eternal Life Inc gave $166K across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $107K across 3 grants.

What is Eternal Life Inc's typical grant size?

Eternal Life Inc's median grant in 2024 was $47,790, and its average grant was $33,178, across 5 grants on its 2024 IRS Form 990.

Does Eternal Life Inc give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on Eternal Life Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Support Orthodox Roman Catholic Causes and Programs" (5 grants).

Who are Eternal Life Inc's largest grantees?

Eternal Life Inc's largest 2024 grantees include Holy Angels Academy ($55,000), Immaculate Classical Academy ($50,000) and Real Presence Ee & Aa ($47,790), according to its 2024 IRS Form 990. Together they received 92% of its itemized 2024 grant dollars.

How large is Eternal Life Inc?

Eternal Life Inc reported $6.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $821K.

What is Eternal Life Inc?

Eternal Life Inc is a public charity focused on religion, based in Bardstown, KY. It holds $6.7M in total assets as of 2024.

What is Eternal Life Inc's EIN?

Eternal Life Inc's EIN (Employer Identification Number) is 61-1164067. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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