Love America Inc

Analysis

Love America Inc is a registered charity in United States, based in Fontana, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 America Inc reported income of $92k and spending of $95k, spending 103% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $64k to $92k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love America Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Hospers Area Development Corporation ($92k), Hill Country Cottages Inc ($92k) and Festivals Fredonia Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.4% of the total. At year end it held assets of $586 against liabilities of $1,019, net assets of -$433.