316 Love Church Inc

Analysis

316 Love Church Inc is a registered charity in United States, based in Riverdale, MD. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 316 Love Church Inc reported income of $119k and spending of $124k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $45k to $119k (+166%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 316 Love Church Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Shree Ram Seva Inc ($119k), Global Faith Institute Inc ($119k) and GPBC Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $732k against liabilities of $172k, net assets of $560k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.