Love Ministries Inc
EIN: 640801516 · Laurel, MS · NTEE: X21Z
| Metric | Value |
|---|---|
| Total Revenue | $164K |
| Total Expenses | $122K |
| Net Assets | $16K |
Is Love Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Ministries Inc
Love Ministries Inc (EIN: 640801516) is a nonprofit organization based in Laurel, MS, classified under NTEE code X21Z. The organization reported total revenue of $164K and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Ministries Inc is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $122K |
| Surplus / Deficit | $-2,811 |
| Total Assets | $38K |
| Total Liabilities | $22K |
| Net Assets | $16K |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 57.1% |
| Months of Reserves | 3.8 months |
Financial Health Grade: C
In 2022, Love Ministries Inc reported a deficit of $3K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 57.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Love Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -4.8% | -2.8% | -15.7% |
| 2021 | -19.9% | -19.8% | -4.2% |
| 2020 | +76.5% | +70.1% | +5.3% |
| 2019 | +1.1% | -3.4% | +17.9% |
| 2018 | -23.7% | +8.3% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Love Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.1%.
Frequently Asked Questions about Love Ministries Inc
Is Love Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Ministries Inc (EIN: 640801516) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Love Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Love Ministries Inc tax-deductible?
Love Ministries Inc is registered as a tax-exempt nonprofit (EIN: 640801516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Ministries Inc located?
Love Ministries Inc is headquartered in Laurel, Mississippi and files with the IRS under EIN 640801516. It is classified under NTEE code X21Z.
How many years of IRS 990 filings does Love Ministries Inc have?
Love Ministries Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $164K in total revenue.
Filing History
IRS 990 filing history for Love Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Love Ministries Inc's revenue has grown by 17.5%, moving from $102K to $120K. Total assets decreased by 38.3% over the same period, from $62K to $38K. Total functional expenses rose by 23.7%, from $99K to $122K. In its most recent filing year (2022), Love Ministries Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $22K in liabilities against $38K in assets (debt-to-asset ratio: 57.1%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $120K | $122K | $38K | $22K | — | View 990 |
| 2021 | $126K | $126K | $46K | $22K | — | View 990 |
| 2020 | $157K | $157K | $48K | $6K | — | — |
| 2019 | $89K | $92K | $45K | $11K | — | — |
| 2018 | $88K | $96K | $38K | $914 | — | View 990 |
| 2017 | $115K | $88K | $46K | $414 | — | View 990 |
| 2016 | $125K | $81K | $63K | $10K | — | View 990 |
| 2015 | $62K | $55K | $44K | $36K | — | View 990 |
| 2014 | $59K | $55K | $43K | $42K | — | View 990 |
| 2013 | $66K | $64K | $47K | $50K | — | View 990 |
| 2012 | $75K | $89K | $50K | $55K | — | View 990 |
| 2011 | $102K | $99K | $62K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $120K, expenses of $122K, and assets of $38K (revenue -4.8% year-over-year).
- 2021: Revenue of $126K, expenses of $126K, and assets of $46K (revenue -19.9% year-over-year).
- 2020: Revenue of $157K, expenses of $157K, and assets of $48K (revenue +76.5% year-over-year).
- 2019: Revenue of $89K, expenses of $92K, and assets of $45K (revenue +1.1% year-over-year).
- 2018: Revenue of $88K, expenses of $96K, and assets of $38K (revenue -23.7% year-over-year).
- 2017: Revenue of $115K, expenses of $88K, and assets of $46K (revenue -8.1% year-over-year).
- 2016: Revenue of $125K, expenses of $81K, and assets of $63K (revenue +101.4% year-over-year).
- 2015: Revenue of $62K, expenses of $55K, and assets of $44K (revenue +6.3% year-over-year).
- 2014: Revenue of $59K, expenses of $55K, and assets of $43K (revenue -11.4% year-over-year).
- 2013: Revenue of $66K, expenses of $64K, and assets of $47K (revenue -12.2% year-over-year).
- 2012: Revenue of $75K, expenses of $89K, and assets of $50K (revenue -26.1% year-over-year).
- 2011: Revenue of $102K, expenses of $99K, and assets of $62K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Ministries Inc:
Data Sources and Methodology
This transparency report for Love Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.