Love Coalition Ministries

Analysis

Love Coalition Ministries is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Coalition Ministries reported income of $535k and spending of $571k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $535k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Coalition Ministries sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Christian Faith Ministries of North Texas ($535k), Aselsi USA ($535k) and Laugh Out Loud Ministry Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $344k against liabilities of $66k, net assets of $278k.