Lemons of Love Inc

Analysis

Lemons of Love Inc is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lemons of Love Inc reported income of $931k and spending of $992k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $750k to $931k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lemons of Love Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Musculoskeletal Tumor Society ($931k), Thelma Gibson Health Initiative ($931k) and Pali Momi Foundation ($930k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (6.1% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.4m against liabilities of $653k, net assets of $713k. It reported 7 employees.