Lovejoy Peace Center Inc

Analysis

Lovejoy Peace Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lovejoy Peace Center Inc reported income of $94k and spending of $114k, spending 121% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $235k to $94k (-60%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lovejoy Peace Center Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Team Kiwi Inc ($94k), North Africans in Mission ($94k) and Iserve Foundation ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $263k against liabilities of $64k, net assets of $200k.