Loving Care Senior Services Inc

Analysis

Loving Care Senior Services Inc is a registered charity in United States, based in Lusby, MD. It received its IRS tax-exemption ruling in December 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loving Care Senior Services Inc reported income of $510k and spending of $504k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $393k to $510k (+30%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 15%. 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, Loving Care Senior Services Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Unlimited Senior Housing Inc ($509k), Greater Houston Fair Housing Center Inc ($510k) and Turning Point Red Hook Housing Development Fund Corporation ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $28k (5.5% of expenses). Other salaries and wages came to $195k. At year end it held assets of $79k against liabilities of $77k, net assets of $2,506. It reported 18 employees.