Lovesick Ministries Inc

Analysis

Lovesick Ministries Inc is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in October 2016, 10 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, Lovesick Ministries Inc reported income of $131k and spending of $136k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $131k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lovesick Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within HI. Charities of a similar size with the same main cause include Novel Approach Ministries Inc ($131k), Womens Circle Inc ($131k) and House of Transformation Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.