Dove Inc

Analysis

Dove Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 2023, Dove Inc reported income of $3.5m and spending of $3.7m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.5m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dove Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Flint and Genesee Chamber Foundation ($3.5m), Vermont-Slauson LDC Inc ($3.5m) and The Tony Robbins Foundation ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $149k (4.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.9m against liabilities of $1.4m, net assets of $2.5m. It reported 52 employees.