Love & Cornbread is a 501(c)(3) organization based in Baltimore, Maryland, registered in 2022, with $114,790 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$115K
▼ 29.1% vs prior year
Community median: $184K
Expenses (FY2024)
$77K
Net assets
$69K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Love & Cornbread— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Love & Cornbread: 11 mo reserves · +33% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Love & Cornbread— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Love & Cornbread: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $162K (FY2023) to $115K (FY2024) across 2 reported years.
Financial snapshot
Operating margin
33.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$69K
Total liabilities
$186
Net assets
$69K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $114,790▼29.1% | $76,732▼44.6% | $68,938▲110% | $69,124▲111% | 990 |
| 2023 | $161,976 | $138,508 | $32,766 | $32,766 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
3 grants to Love & Cornbread totaling $56K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baltimore Community Foundation Inc | General support and various projects | 2024 | $42,820 |
| Baltimore Community Foundation Inc | General support and various projects | 2023 | $7,500 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $6,100 |
Explore more
Data for Love & Cornbread (EIN 87-1370367) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.