Loudoun Cares

Analysis

Loudoun Cares is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in October 2003, 23 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, Loudoun Cares reported income of $443k and spending of $380k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23k to $443k (+1842%), an average of +110% a year. The sharpest change came in the year to December 2020, when income rose by 890%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loudoun Cares sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Monroe Street Neighborhood Center ($443k), Foundation of the Jewish Family & Childrens Services of Phila Inc ($443k) and Matthews Ministry Inc ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $72k (19% of expenses). Other salaries and wages came to $114k. At year end it held assets of $906k against liabilities of $622k, net assets of $284k. It reported 4 employees.