Loveland Foundation Inc

Analysis

Loveland Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Loveland Foundation Inc reported income of $5.0m and spending of $5.0m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $363k to $5.0m (+1271%), an average of +139% a year. The sharpest change came in the year to December 2021, when income rose by 2122%. Over the whole period it spent 62% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Loveland Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include North Central District AIDS Coalition Incorporated ($5.0m), Safe Passage Project Corporation ($5.0m) and University Legal Services Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $370k (7.3% of expenses). Other salaries and wages came to $345k. At year end it held assets of $24.0m against liabilities of $165k, net assets of $23.8m. It reported 8 employees.