Love and Sonshine Ministries

Analysis

Love and Sonshine Ministries is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in January 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, Love and Sonshine Ministries reported income of $1.2m and spending of $226k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $380k to $1.2m (+203%), an average of +203% a year. The sharpest change came in the year to December 2023, when income rose by 203%. Over the whole period it spent 25% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love and Sonshine Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within MT. Charities of a similar size with the same main cause include Kollel Torah Mitzion Inc ($1.2m), Christian Healing Ministries Inc ($1.2m) and We Raise Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (28% of expenses). Other salaries and wages came to $41k. At year end it held assets of $2.1m against liabilities of $860k, net assets of $1.2m.