I Look Like Love Inc

Analysis

I Look Like Love Inc is a registered charity in United States, based in Desoto, TX. It received its IRS tax-exemption ruling in February 2016, 10 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, I Look Like Love Inc reported income of $218k and spending of $176k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $151k to $218k (+45%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, I Look Like Love Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Movements of Grace Inc ($218k), Friends of Juniper Flats Care Facility ($218k) and Shelburne Food Shelf Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $38k (22% of expenses). At year end it held assets of $89k against liabilities of $3,424, net assets of $86k.