Luv Michael Homes Inc

Analysis

Luv Michael Homes Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Luv Michael Homes Inc reported income of $3.8m and spending of $1.3m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $3.8m (+600%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 852%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Luv Michael Homes Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Biocon Inc ($3.8m), 3rd Circle Inc ($3.9m) and Foundation of Wesley Woods Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Other salaries and wages came to $4,822. At year end it held assets of $5.3m against liabilities of $2.6m, net assets of $2.7m. It reported 5 employees.