Love Transformation Project Inc

Analysis

Love Transformation Project Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Transformation Project Inc reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $1.4m (+17%), an average of +5.4% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Transformation Project Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Hoover Intergenerational Care ($1.4m), Wiregrass Area Food Bank Inc ($1.4m) and Clovis Rodeo Association Foundation ($1.4m).

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 $34k. At year end it held assets of $257k against liabilities of $76k, net assets of $181k.