Love and Truth Christian Center Inc

Analysis

Love and Truth Christian Center Inc is a registered charity in United States, based in Bergenfield, NJ. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love and Truth Christian Center Inc reported income of $1.9m and spending of $1.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love and Truth Christian Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include First Priority Global Ministries ($1.9m), Ujima Adult and Family Services ($1.9m) and Worldview Academy ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $168k (9.8% of expenses). At year end it held assets of $4.0m against liabilities of $1.6m, net assets of $2.4m. It reported 4 employees.