Love Xyz Inc

Analysis

Love Xyz Inc is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in June 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 November 2023, Love Xyz Inc reported income of $241k and spending of $237k, spending 98% of its income. Across the 2 years on record, from November 2022 to November 2023, income grew from $14k to $241k (+1648%), an average of +1648% a year. The sharpest change came in the year to November 2023, when income rose by 1648%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Xyz Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Loyola ($241k), The Angel Band Project ($241k) and Tennessee Alliance for Children and Families ($241k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.