Laces of Love Charitable Foundation Inc

Analysis

Laces of Love Charitable Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Laces of Love Charitable Foundation Inc reported income of $586k and spending of $378k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $586k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laces of Love Charitable Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include International Biometric Society ($586k), Outdoor Nursery School Inc ($586k) and Roseville High School Booster Club ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $539k against liabilities of $0, net assets of $539k.