Love of Orphans Foundation Inc

Analysis

Love of Orphans Foundation Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in December 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 of Orphans Foundation Inc reported income of $80k and spending of $22k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $80k (+173%), an average of +173% a year. The sharpest change came in the year to December 2023, when income rose by 173%. Over the whole period it spent 67% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Love of Orphans Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Lifebridge Association ($80k), Global Gifts Inc ($80k) and The Peace School ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.