Expressions of Love Outreach Foundation Inc

Analysis

Expressions of Love Outreach Foundation Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in March 2019, 7 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 2022, Expressions of Love Outreach Foundation Inc reported income of $844k and spending of $574k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $307k to $844k (+175%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Expressions of Love Outreach Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Single Parent Resource ($844k), Broadway Advocacy Coalition Inc ($844k) and Kirkland Foundation ($844k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $22k (3.8% of expenses). Other salaries and wages came to $236k. At year end it held assets of $668k against liabilities of $143k, net assets of $524k. It reported 12 employees.