40 Love Foundation Incorporated

Analysis

40 Love Foundation Incorporated is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, 40 Love Foundation Incorporated reported income of $635k and spending of $619k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $325k to $635k (+95%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 40 Love Foundation Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Jack the Bike Man Inc ($635k), West Kentucky Youth Camp ($635k) and KL Training Solutions ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $111k (18% of expenses). Other salaries and wages came to $35k. At year end it held assets of $785 against liabilities of $6,473, net assets of -$5,688. It reported 2 employees.