Love Bought International

Analysis

Love Bought International is a registered charity in United States, based in Pasadena, TX. It received its IRS tax-exemption ruling in April 2018, 8 years ago. 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, Love Bought International reported income of $265k and spending of $279k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $249k to $265k (+6.3%), an average of +3.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Bought International sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Fort Bend Boys Choir of Texas Inc ($265k), New York State Ski Racing Association Inc ($265k) and An Lac Temple ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,007 (1.1% of expenses). At year end it held assets of $288k against liabilities of $82k, net assets of $206k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.