Laundry Love

Analysis

Laundry Love is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 2018, 8 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, Laundry Love reported income of $123k and spending of $112k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $123k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laundry Love sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OR. Charities of a similar size with the same main cause include Anaconda Pca Family Resorce Center ($123k), Norwin Area Meals on Wheels Inc ($123k) and Obrien County Livestock Show and Agricultural Association ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.