Love Is Ministry

Analysis

Love Is Ministry is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2012, 14 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, Love Is Ministry reported income of $122k and spending of $120k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $122k (+3.4%), an average of +3.4% a year. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Is Ministry sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include The Cornerstone Community Development Center ($122k), Giac Nguyen Temple ($122k) and Comunidad Galilea Guatemala ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.