Love Foundation Corp

Analysis

Love Foundation Corp is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in November 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 2023, Love Foundation Corp reported income of $116k and spending of $131k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $96k to $116k (+20%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Foundation Corp sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Bridge of Hope Centre County ($116k), Foundation of the Arc of Archorage ($116k) and Vida Foundation USA ($116k).

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 $20k against liabilities of $0, net assets of $20k.