Margaret C Love House Inc

Analysis

Margaret C Love House Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in May 1999, 27 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 August 2023, Margaret C Love House Inc reported income of $170k and spending of $163k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $119k to $170k (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2021, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Margaret C Love House Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Michigan Nonprofit Housing Corporation ($170k), Grace Commons Inc ($170k) and Love Your Story Co ($170k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $34k. At year end it held assets of $579k against liabilities of $222k, net assets of $357k.