Lions Gate Ministries Inc

Analysis

Lions Gate Ministries Inc is a registered charity in United States, based in Bound Brook, NJ. It received its IRS tax-exemption ruling in July 2018, 8 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, Lions Gate Ministries Inc reported income of $262k and spending of $251k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $241k to $262k (+8.7%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lions Gate Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Cape May Community Food Closet Inc ($262k), Michigan Seed Potato Association ($262k) and Learning Patch Child Care Center Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $71k. At year end it held assets of $160k against liabilities of $2,500, net assets of $158k. It reported 4 employees.