Love N Cherish Family Center Inc

Analysis

Love N Cherish Family Center Inc is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Love N Cherish Family Center Inc reported income of $66k and spending of $64k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $66k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love N Cherish Family Center Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 32nd percentile within SC. Charities of a similar size with the same main cause include Moms Not Forgotten of Illinois ($66k), Floyd Kress Homes Inc ($66k) and Pay It Forward Cincinnati ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $500k against liabilities of $0, net assets of $500k.