First Love Ministries of Morristown Inc

Analysis

First Love Ministries of Morristown Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in September 2011, 15 years ago. 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, First Love Ministries of Morristown Inc reported income of $123k and spending of $106k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $123k (+11%), an average of +12% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Love Ministries of Morristown Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Hill Cities Inc ($123k), American Friends of D V I ($123k) and Clan Currie Society Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $283k against liabilities of $1,866, net assets of $281k.