Lovesick Ministries

Analysis

Lovesick Ministries is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in October 2010, 16 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, Lovesick Ministries reported income of $161k and spending of $101k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $113k to $161k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lovesick Ministries sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OK. Charities of a similar size with the same main cause include Korean Missionary Society USA ($161k), International Center for Ethno-Religious Mediation ($161k) and Christ Fellowship Church of God in Christ ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.