Love House Learning Academy

Analysis

Love House Learning Academy is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 House Learning Academy reported income of $165k and spending of $209k, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $299k to $165k (-45%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Love House Learning Academy sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Mountainside NJ Parent Teacher Organization ($165k), Plainfield Youth Assistance Program Inc ($165k) and Trinity Learning Center ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $301k against liabilities of $719, net assets of $300k.