Love Fund Inc

Analysis

Love Fund Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in April 1990, 36 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 2023, Love Fund Inc reported income of $425k and spending of $114k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $425k (+159%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Love Fund Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Tamworth Foundation ($425k), Russian Leadership Ministries ($426k) and The Peggy and John Garson Family Foundation ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 253% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.