Love Inc of South San Jose

Analysis

Love Inc of South San Jose is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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 September 2023, Love Inc of South San Jose reported income of $110k and spending of $107k, spending 98% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $90k to $110k (+22%), an average of +22% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Inc of South San Jose sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Volunteer Firemens Association of the City of New York ($110k), Niskayuna Community Action Program Inc ($110k) and Wauseon Recreation Association Inc ($110k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,735 against liabilities of $0, net assets of $2,735.