Love Sweat & Gears

Analysis

Love Sweat & Gears is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Sweat & Gears reported income of $55k and spending of $68k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $55k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Love Sweat & Gears sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within CO. Charities of a similar size with the same main cause include Carol Stream Youth Travel Basketball Association ($55k), Gem City Crew Inc ($55k) and Danville Lady Railers ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.