Love Purse Inc

Analysis

Love Purse Inc is a registered charity in United States, based in Riverside, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, 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, Love Purse Inc reported income of $99k and spending of $68k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $99k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Purse Inc 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 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Honduras Hope ($99k), Camp Hero Inc ($99k) and Uniting Disabled Individuals Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.