Love Nest Compassionate Care Inc

Analysis

Love Nest Compassionate Care Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Nest Compassionate Care Inc reported income of $287k and spending of $257k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $329k to $287k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Nest Compassionate Care Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Closegap ($287k), Kirat Community Organization of America Inc ($287k) and Dorothy Day Soup Kitchen ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $403k against liabilities of $0, net assets of $403k. It reported 1 employees.