Love City Strong Inc

Analysis

Love City Strong Inc is a registered charity in United States, based in St John, VI. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love City Strong Inc reported income of $1.6m and spending of $1.9m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $1.6m (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 94% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Love City Strong Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 89th percentile within VI. Charities of a similar size with the same main cause include Agsafe ($1.6m), Elmore County Firefighters Association ($1.6m) and Warrenton Volunteer Fire Company Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $604k. At year end it held assets of $2.3m against liabilities of $175k, net assets of $2.1m. It reported 9 employees.