Love for Lily

Analysis

Love for Lily is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in May 2013, 13 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 for Lily reported income of $348k and spending of $357k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $273k to $348k (+27%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love for Lily sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Jewish Family Services of Ulster County ($348k), Community Engagement & Consultation Group ($348k) and Rushmore Consumer Credit Resource Center ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $55k (15% of expenses). Other salaries and wages came to $5,010. At year end it held assets of $108k against liabilities of $4,380, net assets of $103k. It reported 2 employees.