Laugh Out Loud Ministry Inc

Analysis

Laugh Out Loud Ministry Inc is a registered charity in United States, based in Berthoud, CO. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Laugh Out Loud Ministry Inc reported income of $535k and spending of $477k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $707k to $535k (-24%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Laugh Out Loud Ministry Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Highlands Church of the Cumberlands ($535k), Christian Faith Ministries of North Texas ($535k) and Chaiya Meditation Monastery ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (2.5% of expenses). Other salaries and wages came to $86k. At year end it held assets of $700k against liabilities of $23k, net assets of $677k. It reported 2 employees.