Love City Inc

Analysis

Love City Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2015, 11 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 2023, Love City Inc reported income of $947k and spending of $1.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $947k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love City Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Buen Dia Corporation ($947k), Glade Run Foundation ($947k) and Restaurant Workers Community Foundation Inc ($947k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $37k (3.2% of expenses). Other salaries and wages came to $691k. At year end it held assets of $2.0m against liabilities of $810k, net assets of $1.2m.