Give-Mentor-Love Foundation

Analysis

Give-Mentor-Love Foundation is a registered charity in United States, based in South Pasadena, CA. It received its IRS tax-exemption ruling in January 2020, 6 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, Give-Mentor-Love Foundation reported income of $1.0m and spending of $284k, leaving 72% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $145k to $1.0m (+601%), an average of +91% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Give-Mentor-Love Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Womens Alliance Incorporated ($1.0m), Vital Aging of Williamsburg County Inc ($1.0m) and The Ed Ladder ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. Compensation of current officers, directors and key employees was $22k (7.8% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 4 employees.