Love Our Cities Inc

Analysis

Love Our Cities Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Our Cities Inc reported income of $148k and spending of $189k, spending 127% of what it took in. Across the 2 years on record, from June 2022 to December 2023, income grew from $90k to $148k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 141% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Love Our Cities Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include BSP Movements ($148k), Clovis Culinary Center ($149k) and Tedxmia Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 0.2% of the total. At year end it held assets of $73k against liabilities of $5,711, net assets of $67k.