Mission of Love and Life Corp

Analysis

Mission of Love and Life Corp is a registered charity in United States, based in Apopka, FL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mission of Love and Life Corp reported income of $170k and spending of $168k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $57k to $170k (+200%), an average of +73% a year. The sharpest change came in the year to December 2022, when income rose by 511%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission of Love and Life Corp 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 54th percentile within FL. Charities of a similar size with the same main cause include Vna Foundation of Central New York ($170k), One Mind Foundation ($170k) and United Christian Ashrams ($170k).

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 $84k against liabilities of $84k, net assets of $0.