Faith Hope and Love Outreach Ministries Inc

Analysis

Faith Hope and Love Outreach Ministries Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Faith Hope and Love Outreach Ministries Inc reported income of $622k and spending of $702k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $622k (+134%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Hope and Love Outreach Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Aslan Housing Foundation ($621k), American Anglican Council ($622k) and Solu Israel ($621k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $416k. At year end it held assets of $31k against liabilities of $147k, net assets of -$116k.