Caps of Love

Analysis

Caps of Love is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Caps of Love reported income of $110k and spending of $205k, spending 186% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $110k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caps of Love sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Heritage Fields III Inc ($110k), Vernon Memorial Healthcare Foundation Inc ($110k) and Mount Sinai Hospital Endowment Foundation ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.