Lev with Love Inc

Analysis

Lev with Love Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 2021, 5 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, Lev with Love Inc reported income of $271k and spending of $500k, spending 185% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $111k to $271k (+144%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 453%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lev with Love Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Friends of Ontario Arc Foundation Inc ($271k), Imana Kids ($271k) and Beyond Pregnancy Care Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (6.6% of expenses). Other salaries and wages came to $95k. At year end it held assets of $2,765 against liabilities of $0, net assets of $2,765. It reported 4 employees.