L & D 1368 Inc

Analysis

L & D 1368 Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in May 2022, 4 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, L & D 1368 Inc reported income of $1000k and spending of $705k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $607k to $1000k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 49% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, L & D 1368 Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Bat Nha Meditation Institute of America ($999k), European Initiative ($1000k) and Elevation Ministries ($999k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $217k. At year end it held assets of $1.1m against liabilities of $258k, net assets of $815k. It reported 22 employees.