Missions of Love Inc

Analysis

Missions of Love Inc is a registered charity in United States, based in Hartford, KY. It received its IRS tax-exemption ruling in April 1994, 32 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, Missions of Love Inc reported income of $103k and spending of $70k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $103k (-17%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Missions of Love Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within KY. Charities of a similar size with the same main cause include Inter-Tribal Council of At&t Employees ($103k), East Texas Food Bank Foundation Inc ($103k) and One Harlan County ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $290k against liabilities of $0, net assets of $290k.