Love Chloe Foundation

Analysis

Love Chloe Foundation is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in October 2008, 18 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, Love Chloe Foundation reported income of $267k and spending of $270k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $154k to $267k (+73%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Love Chloe Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within KS. Charities of a similar size with the same main cause include Lovett Elementary Parent Teacher Organization ($267k), Laguna Madre Christian Academy ($267k) and Brandywine School of Early Learning Inc ($267k).

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 $46k (17% of expenses). Other salaries and wages came to $28k. At year end it held assets of $92k against liabilities of $6,675, net assets of $85k. It reported 2 employees.