Love Ministries

Analysis

Love Ministries is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Love Ministries reported income of $89k and spending of $88k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $89k (+12%), an average of +12% a year. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Love Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Fort Washington MD Alumni Chapter of Kappa Alpha Psi Fraternity Inc ($89k), Rocket Football and Cheer Inc ($89k) and Regents of the University of Minnesota ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.