Love Home Inc

Analysis

Love Home Inc is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love Home Inc reported income of $3.0m and spending of $2.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $3.0m (+460%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 267%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Love Home 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 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Our Community Inc ($3.0m), USA Cares Inc ($3.0m) and Congretational Retirement Homes III Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $175k (6.0% of expenses). At year end it held assets of $277k against liabilities of $396k, net assets of -$118k.