Love Reality Inc

Analysis

Love Reality Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 2020, 6 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 Reality Inc reported income of $239k and spending of $222k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $239k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Reality Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Muslim Cultural Center of Bergan County a NJ Nonprofit Corporation ($239k), Church Prayer Leaders Network Inc ($239k) and Living Water Community Clinic ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.