Loveone

Analysis

Loveone is a registered charity in United States, based in Oregon City, OR. It received its IRS tax-exemption ruling in January 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, Loveone reported income of $277k and spending of $296k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $485k to $277k (-43%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loveone sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include Childrens Welfare League Inc ($277k), Carman-Ainsworth Senior Citizen Organization ($277k) and Men of Armor Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $182k against liabilities of $159k, net assets of $24k. It reported 1 employees.