Love Columbia Corp

Analysis

Love Columbia Corp is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Love Columbia Corp reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.0m (+193%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 263%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Columbia Corp sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Out of the Garden Project ($4.0m), Texas Association of Community Action Agencies Inc ($4.0m) and Wesley Manor Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Other salaries and wages came to $2.0m. It paid $25k in professional fundraising fees. At year end it held assets of $7.4m against liabilities of $646k, net assets of $6.7m. It reported 89 employees.