Love Life Foundation

Analysis

Love Life Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in October 1999, 27 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 Life Foundation reported income of $460k and spending of $427k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $460k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Life Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Macomb County Interfaith Volunteer Caregivers ($460k), Eshara ($460k) and Blue Ridge Intl for Christ Inc Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $355k against liabilities of $0, net assets of $355k.