Lovextension Inc

Analysis

Lovextension Inc is a registered charity in United States, based in Umatilla, FL. It received its IRS tax-exemption ruling in September 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, Lovextension Inc reported income of $505k and spending of $506k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $209k to $505k (+142%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 95%. 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, Lovextension Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include My Sisters Place ($505k), New Jersey Together Inc ($505k) and Construction Forum ($505k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.