Mission of Love Charities Incorporated

Analysis

Mission of Love Charities Incorporated is a registered charity in United States, based in Capitol Heights, MD. It received its IRS tax-exemption ruling in August 1992, 34 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 June 2023, Mission of Love Charities Incorporated reported income of $826k and spending of $1.6m, spending 188% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $671k to $826k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2020, when income rose by 89%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission of Love Charities Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Burnham Ministries International ($826k), Chinese Overseas Christian Mission Inc ($826k) and Brazilian Church Agape Ministry ($826k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $145k (9.3% of expenses). Other salaries and wages came to $576k. At year end it held assets of $3.7m against liabilities of $2.6m, net assets of $1.1m.