Love One Inc

Analysis

Love One Inc is a registered charity in United States, based in Richmond Hill, GA. It received its IRS tax-exemption ruling in October 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 One Inc reported income of $77k and spending of $73k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $54k to $77k (+42%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love One Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Calestous Juma Legacy Foundation Inc ($77k), Closet Inc ($77k) and Senior Citizens of Prince Edward County Meals on Wheels Inc ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.