Pablove Foundation Inc

Analysis

Pablove Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pablove Foundation Inc reported income of $617k and spending of $1.5m, spending 242% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $617k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 160% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pablove Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include American College of Radiology Foundation ($616k), Childrens Advocacy Center of Independence County Inc ($617k) and The Azraq Education and Community Fund Inc ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $161k (11% of expenses). Other salaries and wages came to $632k. At year end it held assets of $1.0m against liabilities of $94k, net assets of $947k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.