Tapestry of Love Ministries

Analysis

Tapestry of Love Ministries is a registered charity in United States, based in Granite City, IL. It received its IRS tax-exemption ruling in September 2017, 9 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, Tapestry of Love Ministries reported income of $170k and spending of $209k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $154k to $170k (+10%), an average of +10% a year. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tapestry of Love Ministries sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Creation Evolution and Science Ministries ($170k), Harvest Mission International ($170k) and Getsemani Pentecostal Church ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.