Lanas Love Foundation Inc

Analysis

Lanas Love Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lanas Love Foundation Inc reported income of $561k and spending of $153k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $437k to $561k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 28% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lanas Love Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Myocarditis Foundation ($560k), Zufall Health Foundation Inc ($561k) and Charis Health Center ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.