Lita Love Is the Answer

Analysis

Lita Love Is the Answer is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in November 1978, 48 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, Lita Love Is the Answer reported income of $196k and spending of $198k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $210k to $196k (-6.8%), an average of -3.5% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lita Love Is the Answer sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Princewill & Shantel Odidi Community Volunteers Foundation in ($196k), Generations Child Care Working Hand in Hand ($196k) and New Hampshire Stories Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $71k (36% of expenses). Other salaries and wages came to $66k. At year end it held assets of $164k against liabilities of $0, net assets of $164k. It reported 4 employees.