Sharing Gods Love Inc

Analysis

Sharing Gods Love Inc is a registered charity in United States, based in Karnes City, TX. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharing Gods Love Inc reported income of $242k and spending of $150k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $243k to $242k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 13885%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sharing Gods Love Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Ekklesia Bible Ministry Inc ($242k), Heart for God ($243k) and Hope Family Ministries Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $7,200 (4.8% of expenses). Other salaries and wages came to $78k. At year end it held assets of $117k against liabilities of $2,307, net assets of $115k. It reported 4 employees.