Corner of Love Ministries

Analysis

Corner of Love Ministries is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Corner of Love Ministries reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Corner of Love Ministries sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include International Visitors Center of Chicago ($2.5m), United Holy Land Fund ($2.5m) and Global Compact Network USA Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $122k (4.9% of expenses). Other salaries and wages came to $71k. At year end it held assets of $470k against liabilities of $235k, net assets of $235k. It reported 7 employees.