Love and Hope in Action Inc

Analysis

Love and Hope in Action Inc is a registered charity in United States, based in Port Salerno, FL. It received its IRS tax-exemption ruling in May 2008, 18 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, Love and Hope in Action Inc reported income of $2.5m and spending of $668k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $515k to $2.5m (+377%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 179%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love and Hope in Action Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Moms House Inc ($2.5m), Oasis Institute ($2.5m) and Women in Transition Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $53k (8.0% of expenses). Other salaries and wages came to $299k. At year end it held assets of $3.5m against liabilities of $30k, net assets of $3.5m. It reported 13 employees.