Love Live Local Inc

Analysis

Love Live Local Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in August 2020, 6 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 December 2023, Love Live Local Inc reported income of $344k and spending of $344k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $362k to $344k (-4.9%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Love Live Local Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Vineland Downtown Improvement Authority ($344k), Christian County Business Development Corporation ($344k) and Urban Summit Incorporated ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 44% of the total. Other salaries and wages came to $144k. At year end it held assets of $178k against liabilities of $25k, net assets of $154k. It reported 3 employees.