Operation Love Ministries Inc

Analysis

Operation Love Ministries Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in March 1990, 36 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, Operation Love Ministries Inc reported income of $1.0m and spending of $944k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $1.0m (+116%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Love Ministries Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Alpha Pregnancy Care Center Inc ($1.0m), The Educational Foundation of the Florida Restaurant & Lodging Assoc ($1.0m) and West Michigan Environmental Action Council Education Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Other salaries and wages came to $120k. At year end it held assets of $435k against liabilities of $2,292, net assets of $432k. It reported 12 employees.