Love Inc of Mid Delmarva Inc

Analysis

Love Inc of Mid Delmarva Inc is a registered charity in United States, based in Seaford, DE. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Inc of Mid Delmarva Inc reported income of $480k and spending of $748k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $480k (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 390%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Mid Delmarva Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Stillpoint Retreats Inc ($480k), Presbyterian Church of Ghana Adom Congregation ($480k) and Sri Jayaram Charitable Trust ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $350k. At year end it held assets of $1.0m against liabilities of $21k, net assets of $996k. It reported 10 employees.