Lasagna Love Inc

Analysis

Lasagna Love Inc is a registered charity in United States, based in Williamstown, MA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Lasagna Love Inc reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $359k to $4.5m (+1147%), an average of +132% a year. The sharpest change came in the year to December 2021, when income rose by 812%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lasagna Love Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Focus on Youth Inc ($4.5m), Abc of NC Child Development Center ($4.5m) and The Richstone Center Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $93k (2.1% of expenses). Other salaries and wages came to $120k. At year end it held assets of $75k against liabilities of $11k, net assets of $64k. It reported 5 employees.