Love Defined

Analysis

Love Defined is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Defined reported income of $317k and spending of $338k, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $248k to $317k (+28%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Defined sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Right Response Ministries ($317k), Reaching Africas Unreached ($317k) and Washington County Council of Churches ($317k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). At year end it held assets of $30k against liabilities of $137k, net assets of -$107k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.