Love Fund for Children Inc

Analysis

Love Fund for Children Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 Fund for Children Inc reported income of $464k and spending of $540k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $762k to $464k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Fund for Children Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within MO. Charities of a similar size with the same main cause include Southeast Alabama Dance Company Inc ($464k), Heartsupport Inc ($465k) and Slater Marietta Health and Human Services Inc ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $178k. At year end it held assets of $586k against liabilities of $2,900, net assets of $583k. It reported 6 employees.