Dr Susan Love Research Foundation

Analysis

Dr Susan Love Research Foundation is a registered charity in United States, based in West Hollywood, CA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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 June 2023, Dr Susan Love Research Foundation reported income of $1.5m and spending of $2.7m, spending 179% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.5m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dr Susan Love Research Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Sauk Valley College Foundation ($1.5m), Minnesota Family Institute ($1.5m) and Newark Electrical Joint Apprenticeship and Training Trust ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $386k (14% of expenses). Other salaries and wages came to $659k. At year end it held assets of $1.7m against liabilities of $460k, net assets of $1.3m. It reported 14 employees.