Loves Arm Outreach Ministries

Analysis

Loves Arm Outreach Ministries is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Loves Arm Outreach Ministries reported income of $288k and spending of $397k, spending 138% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $309k to $288k (-6.7%), an average of -1.4% a year. The sharpest change came in the year to December 2019, when income dropped by 40%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Loves Arm Outreach Ministries sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Delta Service Through Detroit Foundation Inc ($288k), Solti Foundation ($288k) and Friends of the Childrens Justice Center of Oahu ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $68k (17% of expenses). Other salaries and wages came to $153k. At year end it held assets of $231k against liabilities of $365, net assets of $230k. It reported 10 employees.