Love Is a Gift Incorporated

Analysis

Love Is a Gift Incorporated is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 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 Is a Gift Incorporated reported income of $336k and spending of $387k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $336k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Is a Gift Incorporated 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 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Friends of Bourne Council on Aging Inc ($336k), Rutland City Rescue Mission Inc ($336k) and Community Reach Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $21k (5.4% of expenses). Other salaries and wages came to $70k. At year end it held assets of $105k against liabilities of $0, net assets of $105k. It reported 3 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.