Love Akron

Analysis

Love Akron is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Love Akron reported income of $484k and spending of $481k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $484k (+336%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Akron sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Living Compassion ($484k), Hasefer Publications Inc ($484k) and Jesus Centered Ministries Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $131k (27% of expenses). Other salaries and wages came to $96k. At year end it held assets of $164k against liabilities of $21k, net assets of $142k. It reported 4 employees.