Brotherly Love Inc

Analysis

Brotherly Love Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Brotherly Love Inc reported income of $186k and spending of $155k, spending 83% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $209k to $186k (-11%), an average of -11% a year. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brotherly Love 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 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Destination Madison Foundation Inc ($186k), Louisiana International Trade Foundation ($186k) and Black Excellence ($186k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $32k, net assets of $32k.