Love the Hungry Inc

Analysis

Love the Hungry Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, 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 the Hungry Inc reported income of $257k and spending of $327k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $257k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 139%. 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 the Hungry Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Positive Community Kitchen ($257k), Beautiful You by Profile ($257k) and Master Builder Center Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (17% of expenses). Other salaries and wages came to $40k. At year end it held assets of $274k against liabilities of $56k, net assets of $218k. It reported 2 employees.