Source of Universal Love

Analysis

Source of Universal Love is a registered charity in United States, based in Farmington, MI. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Source of Universal Love reported income of $162k and spending of $167k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $162k (+8.7%), an average of +8.7% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Source of Universal Love sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Symons Family Fund ($162k), Campbell Scouting Foundation ($162k) and Concrete Cares ($162k).

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 $142k against liabilities of $2,742, net assets of $140k.