Loving Hearts Personal Care Service Inc

Analysis

Loving Hearts Personal Care Service Inc is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in October 2024, 2 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, Loving Hearts Personal Care Service Inc reported income of $4.6m and spending of $3.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $509k to $4.6m (+809%), an average of +74% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loving Hearts Personal Care Service Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Leader Dogs for the Blind Foundation ($4.6m), Georgia Child Care Resources Inc ($4.6m) and Hawaii Island HIV AIDS Foundation ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $65k (2.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 112 employees.