Let Love International Inc

Analysis

Let Love International Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in December 2017, 9 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 December 2023, Let Love International Inc reported income of $519k and spending of $169k, leaving 67% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $213k to $519k (+143%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Let Love International Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Community Retirement Home ($519k), Farming 4 Hunger Inc ($519k) and Marys House of Bread ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. At year end it held assets of $358k against liabilities of $11k, net assets of $347k.