Luv U Project in Memory of Carolyn C Mattingly Inc

Analysis

Luv U Project in Memory of Carolyn C Mattingly Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in February 2015, 11 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, Luv U Project in Memory of Carolyn C Mattingly Inc reported income of $606k and spending of $296k, leaving 51% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $78k to $606k (+676%), an average of +67% a year. The sharpest change came in the year to September 2022, when income rose by 643%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Luv U Project in Memory of Carolyn C Mattingly Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Life Tools Community Development Corporation ($605k), Martin Luther King Jr Child Development Center Inc ($606k) and Jordan Plaza Inc ($605k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 143% of the total. At year end it held assets of $859k against liabilities of $0, net assets of $859k.