Labor Of Love Ministries Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountville, SC
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-2390908
Organization Overview
Labor Of Love Ministries Inc is located in Mountville, SC. The organization was established in 2017. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Labor Of Love Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Labor Of Love Ministries Inc generated $81.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $86.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RETAIL SALES OF USED CLOTHING AND OTHER ITEMS TO THE COMMUNITY, WITH NET PROCEEDS GOING TO AN ORGANIZED CHARITY. GREATER GREENWOOD UNITED MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry G Ray Store Manager | 50 | $31,450 | |
Gwendolyn Ray Director | 10 | $2,041 | |
Julia Dettmann Director | 50 | $17,354 | |
Frances Teague Director | 10 | $592 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,667 |
| Total Revenue | $81,673 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,182 |
| Professional fees and other payments to independent contractors | $812 |
| Occupancy, rent, utilities, and maintenance | $14,486 |
| Printing, publications, postage, and shipping | $4,116 |
| Other expenses | $9,964 |
| Total expenses | $86,911 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |