Richard & Letitia Defillo I Care Foundation Inc

Analysis

Richard & Letitia Defillo I Care Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Richard & Letitia Defillo I Care Foundation Inc reported income of $200k and spending of $1,750, leaving 99% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $130k to $200k (+53%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 5235%. Over the whole period it spent 2.1% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richard & Letitia Defillo I Care Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within LA. Charities of a similar size with the same main cause include Oasis House Inc ($200k), Black Feather Foundation ($200k) and Metro Police Christmas Charities Inc ($200k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.