Love Me True Rescue Inc

Analysis

Love Me True Rescue Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Me True Rescue Inc reported income of $142k and spending of $198k, spending 140% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $235k to $142k (-40%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Love Me True Rescue Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Animal Resources of Tidewater ($142k), Bandits Buddies Inc ($142k) and Southport-Oak Island Animal Rescue ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. At year end it held assets of $225k against liabilities of $312, net assets of $225k.