Village of Love Foundation

Analysis

Village of Love Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Village of Love Foundation reported income of $1.3m and spending of $1.5m, spending 116% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $215k to $1.3m (+506%), an average of +506% a year. The sharpest change came in the year to June 2023, when income rose by 506%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village of Love Foundation 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 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Onondaga County Housing Development Fund Company ($1.3m), Eagles Wings Coordinated Care ($1.3m) and Bethlehem Ltd ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $847k. At year end it held assets of $67k against liabilities of $100k, net assets of -$33k.