Love 28

Analysis

Love 28 is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. 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, Love 28 reported income of $119k and spending of $128k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $119k (+9.0%), an average of +9.0% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love 28 sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include Angels on Stage ($119k), The Bethel Memorial Incorporated ($119k) and Project Dignity of Western North Carolina Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.