Fund Love Inc

Analysis

Fund Love Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in March 2019, 7 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Fund Love Inc reported income of $70k and spending of $88k, spending 125% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $238k to $70k (-71%), an average of -34% a year. The sharpest change came in the year to December 2021, when income rose by 239%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fund Love Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Clay County Cancer Crusaders Inc ($70k), Craniocervical Foundation Inc ($70k) and Advances in Mineral Metabolism ($70k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. At year end it held assets of $1,912 against liabilities of $10k, net assets of -$8,088.

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.