Love Ministries Inc

Nonprofit profile at a glance

EIN
640801516
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Laurel, MS, USA
Phone
6014260982
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Protestant
Affiliation
Christianity

Reported finances

Revenue
$163,818
Expenses
$168,592
Assets
$45,631
Liabilities
$21,388

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • BETTY LYNN LOVE (PRESIDENT)

People named in this filing

  • BETTY LYNN LOVE (PRESIDENT)
  • SAMUEL KIMBLE LOVE JR (VICE PRESIDE)
  • ANNA C LOVE (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Preach the gospel of christ

What it reported doing in 2024

Love ministries promotes the teaching and preaching of the gospel of the lord jesus christ and the holy bible in order to bring healing and resortation to individuals, families, and the church. Its purpose is to provide counseling, spiritual enrichment, teaching, training, and equipping to enable individuals to reach thier personal destinies. This ministry is accomplished by introducing individuals to a personal relationship with jesus christ through the ministry of counseling, seminars, retreats and church services. During 2016, approximately 10,000 individuals attended meetings and were ministered to through love ministries. Betty love is a traveling evangelist and ministers in churches and services thoughout the southeastern united states. Expenses of the ministry are primarily for travel to ministry meetings, confrences, and the evangelist's salary.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2.9%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.47; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 49.8%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 7.3% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $169K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.