Lovejoy Professional Network

Analysis

Lovejoy Professional Network is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lovejoy Professional Network reported income of $73k and spending of $74k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $73k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lovejoy Professional Network sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include River King & Queen Athletic Booster Club ($73k), Umba Revolutionary Run ($73k) and Chibrrcon NFP ($73k).

At year end it held assets of $7,656 against liabilities of $197, net assets of $7,459.