Love It Once More Inc

Analysis

Love It Once More Inc is a registered charity in United States, based in Clinton, IL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 It Once More Inc reported income of $217k and spending of $213k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $226k to $217k (-4.1%), an average of -2.1% a year. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Love It Once More Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Nerium Ripple Foundation ($217k), PV Schools Education Foundation ($217k) and United Way of the Brown County Area Inc ($217k).

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 $81k (38% of expenses). Other salaries and wages came to $58k. At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 8 employees.