Met by Love Ministries Inc

Analysis

Met by Love Ministries Inc is a registered charity in United States, based in Pisgah Forest, NC. It received its IRS tax-exemption ruling in March 2021, 5 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, Met by Love Ministries Inc reported income of $910k and spending of $905k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $910k (+423%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 201%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Met by Love Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Savecom ($908k), Twelve21 Global Inc ($911k) and Bible Mission International ($908k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $246k (27% of expenses). Other salaries and wages came to $128k. At year end it held assets of $259k against liabilities of $50k, net assets of $210k. It reported 17 employees.