Eternal Life Inc
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.
Eternal Life Inc at a glance
In short: Eternal Life Inc gave $166K across 5 grants in 2024 (avg $33K). Source: 2024 IRS Form 990.
- Annual giving (2024)
- $165,890
- +55.0% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $33,178
- -7.0% vs 2023
- Median grant
- $47,790
- Total assets
- $6,661,676
- +10.3% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Eternal Life Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Holy Angels Academy ($55K). Together the top 5 received $166K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 8 grants of 13 (62%).
How Eternal Life Inc gives
- Giving grew 374% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $19K (2020) to $166K (2024). In 2024 it made 5 grants totaling $166K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $6,661,676 | $820,816 | $356,103 | $165,890 | 5 | $683,492 |
| 2023 | $6,040,456 | $686,615 | $329,360 | $107,030 | 3 | $514,697 |
| 2022 | $5,637,807 | $2,356,122 | $333,567 | $60,100 | 2 | $56,280 |
| 2021 | $3,795,576 | $240,229 | $202,164 | $35,000 | 2 | $78,646 |
| 2020 | $3,316,677 | $245,716 | $164,894 | $19,055 | 1 | $127,205 |
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
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
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 4, 2022)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Eternal Life Inc funds
Religion Related Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Eternal Life Inc's focus areas in our free grants database
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