Lamp Ministry Inc

Analysis

Lamp Ministry Inc is a registered charity in United States, based in New Haven, MI. It received its IRS tax-exemption ruling in October 2003, 23 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, Lamp Ministry Inc reported income of $552k and spending of $475k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $528k to $552k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lamp Ministry Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Tim Sheets Ministries Inc ($552k), Kumbum Chamtse-Ling Inc ($553k) and 1012 Sports Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $85k. At year end it held assets of $508k against liabilities of $23k, net assets of $485k. It reported 3 employees.