Lovebugs Rescue

Analysis

Lovebugs Rescue is a registered charity in United States, based in Corona DL Mar, CA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Lovebugs Rescue reported income of $218k and spending of $196k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $218k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lovebugs Rescue sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Second Chance Animal Shelter ($218k), Human-Animal Alliance Inc ($218k) and International Foundation for Ethical Research Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 25% of the total. At year end it held assets of $311k against liabilities of $80k, net assets of $231k.