Loveloud Foundation

Analysis

Loveloud Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Loveloud Foundation reported income of $1.5m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income rose by 419%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Loveloud Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include New York State Future Farmers Leadership TRNG Foundation Inc ($1.5m), Saving Moses ($1.5m) and East Tenth United Methodist Children and Youth Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $166k. At year end it held assets of $753k against liabilities of $1,973, net assets of $751k. It reported 2 employees.