Love in Action Ministries Inc

Analysis

Love in Action Ministries Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1987, 39 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 August 2023, Love in Action Ministries Inc reported income of $147k and spending of $147k, spending 100% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $143k to $147k (+2.3%), an average of +2.3% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love in Action Ministries Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Academy of Professional Funeral Service Practice ($147k), Little League Baseball Inc ($147k) and Cave Spring Historical Society Inc ($147k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.