Lost Sheep Ministries Inc

Analysis

Lost Sheep Ministries Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lost Sheep Ministries Inc reported income of $436k and spending of $474k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $466k to $436k (-6.5%), an average of -1.7% a year. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lost Sheep Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Woods Services Foundation ($436k), Loveall Foundation for Children ($436k) and Marcus Allen Foundation ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (11% of expenses). Other salaries and wages came to $211k. At year end it held assets of $656k against liabilities of $2,694, net assets of $653k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.