Love Inc of Southern Chautauqua County

Analysis

Love Inc of Southern Chautauqua County is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Inc of Southern Chautauqua County reported income of $108k and spending of $112k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $108k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Southern Chautauqua County sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Backpack Buddies Foundation of Loudoun Inc ($108k), Endeavor Freedom Inc ($108k) and Small But Mighty Heroes Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $10k against liabilities of $1,538, net assets of $8,897.