Love Ran Red Foundation Inc

Analysis

Love Ran Red Foundation Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Ran Red Foundation Inc reported income of $263k and spending of $296k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $291k to $263k (-9.8%), an average of -5.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Love Ran Red Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Solhealth Corp ($263k), Betty a Dodson Foundation Inc ($263k) and Collaborative Alliance for Pancreatic Education and Research ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. Other salaries and wages came to $72k. At year end it held assets of $323k against liabilities of $2,081, net assets of $321k.