House of Love Youth Homes Inc

Analysis

House of Love Youth Homes Inc is a registered charity in United States, based in Menomonee FLS, WI. It received its IRS tax-exemption ruling in December 2004, 22 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, House of Love Youth Homes Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $865k to $1.2m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Love Youth Homes Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Allone Charities ($1.2m), Kansas Action for Children Inc ($1.2m) and Parent Education Program Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $157k (13% of expenses). Other salaries and wages came to $566k. It paid $6,000 in professional fundraising fees. At year end it held assets of $345k against liabilities of $126k, net assets of $219k. It reported 35 employees.