The Livestock Institute of Southern New England Inc

Analysis

The Livestock Institute of Southern New England Inc is a registered charity in United States, based in Westport, MA. It received its IRS tax-exemption ruling in December 2016, 10 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 2022, The Livestock Institute of Southern New England Inc reported income of $2.8m and spending of $2.9m, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $2.8m (+130%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Livestock Institute of Southern New England Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Adoption Choices Inc ($2.8m), West Central Nebraska Area Agency ($2.8m) and Safehouse Denver Inc ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $54k (1.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.7m against liabilities of $7.3m, net assets of -$592k. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.