Love for Kids Inc

Analysis

Love for Kids Inc is a registered charity in United States, based in Coppell, TX. It received its IRS tax-exemption ruling in September 1979, 47 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 for Kids Inc reported income of $339k and spending of $311k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $339k (+465%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 204%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love for Kids Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Stanly Adult Care Center Inc ($339k), Gwyneths Gift Foundation Inc ($339k) and Jackson Center for Conductive Education ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $78k. At year end it held assets of $73k against liabilities of $32k, net assets of $42k. It reported 12 employees.