Loveinc Montgomery County Inc

Analysis

Loveinc Montgomery County Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 2023, 3 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 June 2024, Loveinc Montgomery County Inc reported income of $164k and spending of $187k, spending 114% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $133k to $164k (+23%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Loveinc Montgomery County Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include NC Values Institute ($164k), Communities Together Inc ($164k) and Choose to Soar Ministries ($164k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $112, net assets of $21k.