First Love People

Analysis

First Love People is a registered charity in United States, based in Ferris, TX. It received its IRS tax-exemption ruling in April 2022, 4 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, First Love People reported income of $72k and spending of $109k, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $192k to $72k (-63%), an average of -63% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Love People sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Shree Ram Sharnam Inc ($72k), Interregnum Foundation Inc ($72k) and Michigan Migrant Ministries ($72k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $81k (74% of expenses). At year end it held assets of $835 against liabilities of $38k, net assets of -$37k.