Foundation 4 Love Inc

Analysis

Foundation 4 Love Inc is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foundation 4 Love Inc reported income of $79k and spending of $109k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $110k to $79k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation 4 Love Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 23rd percentile within ME. Charities of a similar size with the same main cause include Dugger Improvement Inc ($79k), Canyon Lake Rotary Foundation ($79k) and Books for Good Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.