Love Centers International Inc

Analysis

Love Centers International Inc is a registered charity in United States, based in Oxford, MI. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Centers International Inc reported income of $1.3m and spending of $949k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $1.3m (+230%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Love Centers International Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Florida 4-H Club Foundation Inc ($1.3m), Comal County Junior Livestock Show Association Inc ($1.3m) and Northern Piedmont Sports Club ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $186k (20% of expenses). At year end it held assets of $412k against liabilities of $13k, net assets of $399k. It reported 5 employees.