Whole Latte Love Cafe Inc

Analysis

Whole Latte Love Cafe Inc is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in November 2017, 9 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, Whole Latte Love Cafe Inc reported income of $373k and spending of $382k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $220k to $373k (+69%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Whole Latte Love Cafe Inc 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 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Conference of St Vincent de Paul Society of Myrtle Creek ($373k), Kidron Volunteer Fire Department Inc ($373k) and St Henry Volunteer Fire Department ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $43k (11% of expenses). Other salaries and wages came to $213k. At year end it held assets of $413k against liabilities of $24k, net assets of $389k. It reported 31 employees.