I Love Sai Inc

Analysis

I Love Sai Inc is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, I Love Sai Inc reported income of $248k and spending of $356k, spending 143% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $122k to $248k (+104%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, I Love Sai Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Junior League of St Petersburg Fla Incorporated ($248k), Gallup Bid Inc ($248k) and Downtown Downey Improvement Association ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $672k against liabilities of $529k, net assets of $143k.