The Love Pray Peace Project Veterans Residence

Analysis

The Love Pray Peace Project Veterans Residence is a registered charity in United States, based in Pilgrim GDNS, PA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, The Love Pray Peace Project Veterans Residence reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $510k to $1.3m (+161%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Love Pray Peace Project Veterans Residence sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Belvidere Family YMCA ($1.3m), Birth Choice Centers Inc ($1.3m) and Sustainable Chesapeake ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $114k (9.4% of expenses). Other salaries and wages came to $312k. At year end it held assets of $417k against liabilities of $162k, net assets of $256k. It reported 26 employees.