Love Your Labels Incorporated

Analysis

Love Your Labels Incorporated is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 October 2023, Love Your Labels Incorporated reported income of $85k and spending of $99k, spending 117% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $94k to $85k (-9.9%), an average of -9.9% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Love Your Labels Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Crowley Main Street ($85k), Myworkforcefuture Inc ($85k) and Bremerton Central Lions Charitable Foundation ($84k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.