Channels of Love Ministries Inc

Analysis

Channels of Love Ministries Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 2005, 21 years ago. 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 September 2023, Channels of Love Ministries Inc reported income of $137k and spending of $131k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $131k to $137k (+5.1%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Channels of Love Ministries Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Nysarc Inc ($137k), Greater Kansas City Ban Johnson Amateur Baseball League Assn ($137k) and Unfettered Mind ($137k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (48% of expenses). Other salaries and wages came to $18k. At year end it held assets of $89k against liabilities of $0, net assets of $89k. It reported 3 employees.