Love Worth Finding Ministries Inc

Analysis

Love Worth Finding Ministries Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in October 1987, 39 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 June 2024, Love Worth Finding Ministries Inc reported income of $6.5m and spending of $7.1m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.7m to $6.5m (+13%), an average of +2.6% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Worth Finding Ministries Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Chofetz Chaim Heritage Foundation ($6.4m), Lancaster County Christian School ($6.5m) and Tompkins Cortland Community College Foundation ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $421k (6.0% of expenses). Other salaries and wages came to $1.3m. It paid $465k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $815k, net assets of $1.7m. It reported 32 employees.