Love and Respect Ministries Inc

Analysis

Love and Respect Ministries Inc is a registered charity in United States, based in Rockford, MI. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Love and Respect Ministries Inc reported income of $539k and spending of $845k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $539k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Love and Respect Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Damascus Road Recovery Inc ($539k), Community Medical and Dental Center Inc ($539k) and Moore House Inc ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $265k (31% of expenses). Other salaries and wages came to $374k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 8 employees.