B Love Foundation

Analysis

B Love Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, B Love Foundation reported income of $83k and spending of $81k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $83k (+156%), an average of +156% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, B Love Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Collaboraid Inc ($83k), Houston Group Home Inc ($83k) and Road Runners Club of America ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.