Lovesome Stables Inc

Analysis

Lovesome Stables Inc is a registered charity in United States, based in Dry Ridge, KY. It received its IRS tax-exemption ruling in July 2008, 18 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, Lovesome Stables Inc reported income of $93k and spending of $112k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $139k to $93k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lovesome Stables Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within KY. Charities of a similar size with the same main cause include Calhoun County Community Resource Development Board ($93k), Casa Care Inc ($93k) and Coalition of Irish Immigration Centers Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 41% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.