Love in Motion Foundation Inc

Analysis

Love in Motion Foundation Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love in Motion Foundation Inc reported income of $276k and spending of $284k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $269k to $276k (+2.7%), an average of +2.7% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Love in Motion Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 43rd percentile within PR. Charities of a similar size with the same main cause include Downtown Shenandoah Inc ($276k), Golden Slipper Club Charities ($276k) and Bradley Prevention Coalition Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $68k against liabilities of $2,423, net assets of $66k.