Love Takes Root

Analysis

Love Takes Root is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in October 2011, 15 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 Takes Root reported income of $327k and spending of $324k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $327k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Takes Root sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include Friendship Family Homes ($327k), Colorado Friendship ($327k) and Daily Work ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 123% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.