Love Thy Neighbor Community Development and Opportunity Corp

Analysis

Love Thy Neighbor Community Development and Opportunity Corp is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Love Thy Neighbor Community Development and Opportunity Corp reported income of $447k and spending of $464k, spending 104% of its income. Across the 4 years on record, from May 2021 to May 2024, income grew from $269k to $447k (+66%), an average of +18% a year. The sharpest change came in the year to May 2024, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Love Thy Neighbor Community Development and Opportunity Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Lucian Manor Affordable Housing Inc ($447k), North Star Housing Inc ($448k) and Out of the Cold Centre County ($447k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $82k, net assets of $31k.