Celestial Love Foundation Inc

Analysis

Celestial Love Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Celestial Love Foundation Inc reported income of $398k and spending of $222k, leaving 44% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $230k to $398k (+73%), an average of +15% a year. The sharpest change came in the year to August 2022, when income dropped by 100%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Celestial Love Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Virginia Coalition for Immigrant Rights Inc ($398k), Adoption Dreams Come True Inc ($398k) and Willow Blossom Learning Center Inc ($398k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.