Love 4 One Another Charities

Analysis

Love 4 One Another Charities is a registered charity in United States, based in Chanhassen, MN. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Love 4 One Another Charities reported income of $275k and spending of $455k, spending 165% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $6.6m to $275k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Love 4 One Another Charities sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Phillips Graduate University ($275k), Page High School Athletic Booster Club Inc ($275k) and Kindred High School Booster Club ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% of the total. Compensation of current officers, directors and key employees was $231k (51% of expenses). At year end it held assets of $8.5m against liabilities of $0, net assets of $8.5m.