Love Pit

Analysis

Love Pit is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Pit reported income of $350k and spending of $382k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $350k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Love Pit sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Great Pyrenees Rescue of Atlanta Inc ($350k), Buckeye Bulldog Rescue ($350k) and Vegan World ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $219k against liabilities of $26k, net assets of $193k.