Loman Ministries

Analysis

Loman Ministries is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loman Ministries reported income of $120k and spending of $137k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $120k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Loman Ministries sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Uniteboston Inc ($120k), Courtyard Ministries ($120k) and Laymen for Religious Liberty Ministries International Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (37% of expenses). At year end it held assets of $78k against liabilities of $0, net assets of $78k. It reported 2 employees.