The Love Kitchen Incorporated

Analysis

The Love Kitchen Incorporated is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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, The Love Kitchen Incorporated reported income of $425k and spending of $312k, leaving 27% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $202k to $425k (+111%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Love Kitchen Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include New River Valley Disability Resource Center ($425k), Hcso Charities Inc ($425k) and Mendota Mdewakanton Dakota Tribal Community ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (17% of expenses). Other salaries and wages came to $51k. At year end it held assets of $985k against liabilities of $2,471, net assets of $982k. It reported 3 employees.