First Love International Ministries

Analysis

First Love International Ministries is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, First Love International Ministries reported income of $3.7m and spending of $4.3m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $3.7m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Love International Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Meadville YMCA ($3.7m), Red Mountain Family Services Inc ($3.7m) and South Shore Community Service Association ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $130k (3.1% of expenses). Other salaries and wages came to $861k. At year end it held assets of $3.1m against liabilities of $26k, net assets of $3.1m. It reported 36 employees.