Lots of Love NFP

Analysis

Lots of Love NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lots of Love NFP reported income of $273k and spending of $237k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $697k to $273k (-61%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lots of Love NFP 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 60th percentile within IL. Charities of a similar size with the same main cause include Ransom County Fair Association ($273k), Osborn School PTO ($273k) and Hba of Durham Orange & Chatham Counties Foundation Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $107k. At year end it held assets of $769k against liabilities of $84k, net assets of $685k. It reported 10 employees.