Caravan of Love

Analysis

Caravan of Love is a registered charity in United States, based in Fairlawn, OH. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Caravan of Love reported income of $138k and spending of $72k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $11k to $138k (+1173%), an average of +1173% a year. The sharpest change came in the year to December 2023, when income rose by 1173%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caravan of Love sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include American Association for Italian Studies ($138k), My Own Book Fund Inc ($138k) and Jefferson County Community Ships for Youth ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.