Love Serve Remember Foundation

Analysis

Love Serve Remember Foundation is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Serve Remember Foundation reported income of $2.8m and spending of $3.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.8m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Serve Remember Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Mi Casa My House Inc ($2.8m), The Evangelical Catholic Inc ($2.8m) and Unity Productions Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Other salaries and wages came to $662k. At year end it held assets of $950k against liabilities of $125k, net assets of $825k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.