Love146 Inc

Analysis

Love146 Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Love146 Inc reported income of $5.1m and spending of $4.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.1m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Love146 Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Defending Education ($5.1m), Atlanta Fulton County Prearrest Diversion Initiative Inc ($5.1m) and More Perfect Union Foundation ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $248k (5.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.3m against liabilities of $472k, net assets of $1.8m. It reported 56 employees.