Love Cradle USA Inc

Analysis

Love Cradle USA Inc is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Love Cradle USA Inc reported income of $233k and spending of $234k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $233k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Cradle USA Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include S L I McLaughlin House Inc ($233k), Arewa Aid Inc ($233k) and Network Angels Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $58k (25% of expenses). Other salaries and wages came to $9,600. At year end it held assets of $187k against liabilities of $5,069, net assets of $182k. It reported 2 employees.