Loving Hands Ministries Inc

Analysis

Loving Hands Ministries Inc is a registered charity in United States, based in Douglasville, GA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Loving Hands Ministries Inc reported income of $196k and spending of $189k, spending 96% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $130k to $196k (+50%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loving Hands Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within GA. Charities of a similar size with the same main cause include CBC Development Center ($196k), Amor Healing Kitchen Inc ($196k) and Arkansas Association of Conservation District ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $27k (15% of expenses). Other salaries and wages came to $68k. At year end it held assets of $306k against liabilities of $837, net assets of $305k. It reported 6 employees.