First Loved Ministries Inc

Analysis

First Loved Ministries Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in September 2013, 13 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 June 2023, First Loved Ministries Inc reported income of $117k and spending of $141k, spending 121% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $68k to $117k (+72%), an average of +72% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 130% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Loved Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Morris Gleiser Ministries Inc ($117k), Hidden Place ($117k) and From the Heart Ministries Inc ($117k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 13% of the total. At year end it held assets of $33k against liabilities of $13k, net assets of $20k.