Love Light and Melody a Not Forprofit Corporation

Analysis

Love Light and Melody a Not Forprofit Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2008, 18 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 September 2023, Love Light and Melody a Not Forprofit Corporation reported income of $323k and spending of $581k, spending 180% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $981k to $323k (-67%), an average of -24% a year. The sharpest change came in the year to September 2021, when income rose by 207%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Light and Melody a Not Forprofit Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CO. Charities of a similar size with the same main cause include American Friendship Foundation ($323k), Living Stones ($323k) and Living in Purpose Inc ($323k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $170k (29% of expenses). Other salaries and wages came to $20k. At year end it held assets of $394k against liabilities of $17k, net assets of $378k. It reported 4 employees.