Lovers Lane United Methodist Churchfoundation

Analysis

Lovers Lane United Methodist Churchfoundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1980, 46 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, Lovers Lane United Methodist Churchfoundation reported income of $883k and spending of $1.4m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $883k (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lovers Lane United Methodist Churchfoundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include New Mount Carmel Foundation Inc ($883k), Crates Point ($885k) and House of Hope Orlando Inc ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $135k (9.8% of expenses). Other salaries and wages came to $75k. At year end it held assets of $28.1m against liabilities of $8.7m, net assets of $19.4m. It reported 2 employees.