Transformed by Love Ministries

Analysis

Transformed by Love Ministries is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in August 2018, 8 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, Transformed by Love Ministries reported income of $65k and spending of $52k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $65k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Transformed by Love Ministries sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Bethel Christian Church Disciples of Christ Inc ($65k), Ministerio de Restauracion ($65k) and Love Unity ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.