Live Love Foundation of Salvation Corp

Analysis

Live Love Foundation of Salvation Corp is a registered charity in United States, based in Coronado, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Live Love Foundation of Salvation Corp reported income of $690k and spending of $329k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $690k (+236%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 252%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Live Love Foundation of Salvation Corp sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Buddhist Association of New York Pu Jue Temple Inc ($689k), The Gathering Chico ($690k) and Chesapeake Camp and Conference Center Inc ($689k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $64k. At year end it held assets of $410k against liabilities of $38k, net assets of $371k. It reported 2 employees.