Loving Work Foundation

Analysis

Loving Work Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Loving Work Foundation reported income of $119k and spending of $101k, spending 85% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $55k to $119k (+117%), an average of +117% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Loving Work Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Capital Manor Foundation ($119k), Root Elementary School Parent Teacher Organization ($119k) and Friends of Callawassie Island Inc ($119k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.