Maria M Love Convalescent Fund

Analysis

Maria M Love Convalescent Fund is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Maria M Love Convalescent Fund reported income of $118k and spending of $143k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $149k to $118k (-21%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maria M Love Convalescent Fund sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Beatitude House ($118k), Seniorfirst Foundation Inc ($118k) and Silver Ribbon Community Partners ($118k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $28k (20% of expenses). At year end it held assets of $987k against liabilities of $2,209, net assets of $985k. It reported 1 employees.