Love Community Development Corporation

Analysis

Love Community Development Corporation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Community Development Corporation reported income of $111k and spending of $115k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $111k (+2.9%), an average of +2.9% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Love Community Development Corporation sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Central Falls Affordable Housing Corp ($111k), Sustainable Urban Neighborhoods Community Fund ($111k) and Grace Housing Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.