Lovejoy Special Needs Center Corporation

Analysis

Lovejoy Special Needs Center Corporation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Lovejoy Special Needs Center Corporation reported income of $2.5m and spending of $2.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.5m (+119%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lovejoy Special Needs Center Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Lutheran Life Communities Foundation ($2.5m), Habitat for Humanity of Greater Pittsburgh ($2.5m) and Veterans Life Center ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $175k (7.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.0m against liabilities of $578k, net assets of $445k. It reported 72 employees.