I Love U Guys Foundation

Analysis

I Love U Guys Foundation is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in December 2006, 20 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, I Love U Guys Foundation reported income of $2.7m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $754k to $2.7m (+260%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 135%. 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, I Love U Guys Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include The Hub Oc ($2.7m), Black Organizing Project Inc ($2.7m) and Early Beginnings ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $450k (17% of expenses). Other salaries and wages came to $575k. At year end it held assets of $992k against liabilities of $334k, net assets of $658k. It reported 16 employees.