Love Society

Analysis

Love Society is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in July 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 (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 Society reported income of $238k and spending of $242k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $211k to $238k (+13%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Society sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within AZ. Charities of a similar size with the same main cause include Senior Center of Macon ($237k), Anchor of Hope Inc ($238k) and Christian Services Love Inc of Greater Lansing ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $26k (11% of expenses). At year end it held assets of $40k against liabilities of $4,935, net assets of $35k.