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Loveland Center Inc

Registered · see notesEIN 59-1011392Venice, FLPoverty relief
Income$2.7m2022-09
Spending$3.4msame year
Spent / received115%4-year average
Size in its cause86th pctPoverty relief
Exempt since2026Publicly supported organisat
Employees89latest return

Analysis

Loveland Center Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in July 2026. 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 September 2022, Loveland Center Inc reported income of $2.7m and spending of $3.4m, spending 124% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $2.5m to $2.7m (+9.3%), an average of +3.0% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loveland Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Frances a Allen School for Exceptional Children Inc ($2.7m), Lifetime Resources Inc ($2.7m) and Families Matter Inc ($2.7m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 23% and program service revenue 72% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $13.3m against liabilities of $2.3m, net assets of $11.0m. It reported 89 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.

Income and spending

$0$846k$1.7m$2.5m$3.4m2019 Income: $2,500,6802019 Spending: $2,560,74320192020 Income: $2,604,2182020 Spending: $3,037,33420202021 Income: $2,783,3932021 Spending: $3,221,94420212022 Income: $2,732,9262022 Spending: $3,383,4432022
IncomeSpending

Where the income comes from

  • Contributions & grants 23%
  • Program services 72%
  • Other 4.5%

Similar-sized charities, same cause

CharityLocationIncome
Frances a Allen School for Exceptional Children IncLittle Rock$2.7m
Lifetime Resources IncWilmington$2.7m
Families Matter IncMemphis$2.7m
Open Door Community House IncColumbus$2.7m