Key West Police Department Lovefund Inc

Analysis

Key West Police Department Lovefund Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in February 2013, 13 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 December 2023, Key West Police Department Lovefund Inc reported income of $100k and spending of $88k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $100k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 827%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Key West Police Department Lovefund Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Food for the Journey Project ($100k), From Your Father Inc ($100k) and New Mexico Amigos Foundation ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.