Love Ministries Outreach International Inc

Analysis

Love Ministries Outreach International Inc is a registered charity in United States, based in Rancocas, NJ. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Love Ministries Outreach International Inc reported income of $107k and spending of $81k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $107k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Ministries Outreach International Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Midland Park Childrens Love Fund Inc ($107k), Al & Friends Inc ($107k) and Yad Menachem Letinok Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.