Love City Community Network Co

Analysis

Love City Community Network Co is a registered charity in United States, based in St John, VI. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 City Community Network Co reported income of $683k and spending of $679k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $630k to $683k (+8.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Love City Community Network Co sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 80th percentile within VI. Charities of a similar size with the same main cause include Faith Frontiers Inc ($681k), Streamside Ministry Inc ($683k) and Sharing Foundation ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $103k (15% of expenses). Other salaries and wages came to $188k. At year end it held assets of $230k against liabilities of $17k, net assets of $214k. It reported 8 employees.