Loc Ministries

Analysis

Loc Ministries is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in June 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, Loc Ministries reported income of $164k and spending of $171k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $197k to $164k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Loc Ministries sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OK. Charities of a similar size with the same main cause include West-Central Missouri Vetrans Home Assistance League ($164k), Lifewell Ministries Inc ($164k) and Baptist Student Center of Southeast Missouri ($164k).

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 $25k against liabilities of $0, net assets of $25k.