Lovemark Foundation Inc

Analysis

Lovemark Foundation Inc is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover health care, 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, Lovemark Foundation Inc reported income of $160k and spending of $149k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $160k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 219%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lovemark Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Anderson Support and Development Foundation Inc ($160k), Kid in the Corner Inc ($160k) and Carenet Pregnancy Center of the White Mountains ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.