Let There Be Mom Inc

Analysis

Let There Be Mom Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in April 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, Let There Be Mom Inc reported income of $576k and spending of $426k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $576k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Let There Be Mom Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Mariatu S Hope Inc ($576k), Embrace Waiting Children Inc ($576k) and Food for Hope ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $72k (17% of expenses). Other salaries and wages came to $20k. At year end it held assets of $818k against liabilities of $1, net assets of $818k. It reported 3 employees.