Love Foundation US Inc

Analysis

Love Foundation US Inc is a registered charity in United States, based in Hazlet, NJ. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Foundation US Inc reported income of $65k and spending of $15k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $604k to $65k (-89%), an average of -43% a year. The sharpest change came in the year to December 2020, when income dropped by 85%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Love Foundation US Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Teewinot Institute ($65k), Edens Song Ministry Inc ($65k) and Fifty5five Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $2,206 in professional fundraising fees. At year end it held assets of $145k against liabilities of $0, net assets of $145k.