Testimonial Community Love Center

Analysis

Testimonial Community Love Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Testimonial Community Love Center reported income of $7.5m and spending of $7.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $7.5m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Testimonial Community Love Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Homesight ($7.5m), Orchard Manor ($7.5m) and Delaware Valley Industrial Resource Center ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $192k (2.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.3m against liabilities of $854k, net assets of $1.5m. It reported 95 employees.