Loveiam

Analysis

Loveiam is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loveiam reported income of $136k and spending of $151k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $50 to $136k (+271918%), an average of +271918% a year. The sharpest change came in the year to December 2023, when income rose by 271918%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Loveiam sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within AZ. Charities of a similar size with the same main cause include Cornerstone Grant ($136k), Hudson Rotary Foundation Inc ($136k) and Bureau County United Way Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.