Loving Care Academy & Learning Center Inc

Analysis

Loving Care Academy & Learning Center Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. 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, Loving Care Academy & Learning Center Inc reported income of $83k and spending of $69k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $80k to $83k (+4.2%), an average of +1.4% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loving Care Academy & Learning Center Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within GA. Charities of a similar size with the same main cause include American College of Physicians ($83k), Knoxville Kiwanis Youth Foundation Inc ($83k) and Connecticut Council of Language Teachers Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $18k (26% of expenses). At year end it held assets of $99k against liabilities of $100k, net assets of -$818.