Lovve Project

Analysis

Lovve Project is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2021, 5 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 (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, Lovve Project reported income of $275k and spending of $253k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $275k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lovve Project sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Areivim Institute ($275k), Cascade Community Foundation ($275k) and Wiley Kennedy Foundation ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $36k (14% of expenses). At year end it held assets of $20k against liabilities of $97, net assets of $20k. It reported 1 employees.