Love Regardless Inc

Analysis

Love Regardless Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love Regardless Inc reported income of $275k and spending of $218k, leaving 21% of income unspent that year. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Love Regardless Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Hale Mahaolu Eono Inc ($274k), Senior Veterans Housing Assoc Inc ($275k) and Hope Springs Manor Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 102% of the total. At year end it held assets of $2.7m against liabilities of $2.8m, net assets of -$50k.