Love Laugh and Live Foundation Inc

Analysis

Love Laugh and Live Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2021, Love Laugh and Live Foundation Inc reported income of $207k and spending of $135k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income fell from $448k to $207k (-54%), an average of -54% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Love Laugh and Live Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Laurelhurst Neighborhood Assoc ($207k), Kiwanis Foundation of the District of Columbia ($207k) and Grotto Community Center ($207k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. At year end it held assets of $207k against liabilities of $135k, net assets of $72k.