Funding Love Corp

Analysis

Funding Love Corp is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in June 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Funding Love Corp reported income of $192k and spending of $200k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $192k (+97%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Funding Love Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Bee Mighty ($192k), Pennrose Foundation ($192k) and Alderwood Terrace Rotary Foundation ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.