Love Does Parade

Analysis

Love Does Parade is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2018, 8 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, Love Does Parade reported income of $3.6m and spending of $1.6m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $3.6m (+953%), an average of +80% a year. The sharpest change came in the year to December 2021, when income rose by 400%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Does Parade sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Small Faces Child Development Center ($3.6m), Cross Roads Missions ($3.6m) and Arcadia Elder Services ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (8.7% of expenses). Other salaries and wages came to $379k. At year end it held assets of $6.8m against liabilities of $37k, net assets of $6.8m. It reported 15 employees.