Love to Serve Incorporated

Analysis

Love to Serve Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 to Serve Incorporated reported income of $173k and spending of $173k, spending 100% of its income. Across the 3 years on record, from August 2022 to December 2023, income grew from $123k to $173k (+41%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 958%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love to Serve Incorporated sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include American College of Physicians ($173k), Soccer Assoc for Youth ($173k) and Crispus Attucks Fund Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. At year end it held assets of $4,676 against liabilities of $56k, net assets of -$51k.