Love on Locals

Analysis

Love on Locals is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 on Locals reported income of $80k and spending of $105k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $80k (-31%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Love on Locals sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Junior League of Pitssburgh Inc ($80k), Women of Color in Community Development ($80k) and Arabia Temple 12 Aeaonms Foundation ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. At year end it held assets of $8,810 against liabilities of $367, net assets of $8,443.