Ark of Love Foundation

Analysis

Ark of Love Foundation is a registered charity in United States, based in Hayneville, AL. It received its IRS tax-exemption ruling in October 2001, 25 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 December 2023, Ark of Love Foundation reported income of $200k and spending of $189k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $200k (+43%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ark of Love Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within AL. Charities of a similar size with the same main cause include Safe Haven Community Church ($200k), Kevin Shull Ministries Inc ($200k) and Cricket Alley Ministries Inc ($200k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $276k against liabilities of $43k, net assets of $233k.