Love Tribe Project Inc

Analysis

Love Tribe Project Inc is a registered charity in United States, based in Corona DL Mar, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Tribe Project Inc reported income of $447k and spending of $398k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $364k to $447k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Love Tribe Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Guymon Community Enrichment Foundation ($446k), Bowers-Rodgers Home Foundation ($447k) and M R Lilly P and Mary Dickey Memorial Fund ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Other salaries and wages came to $23k. It paid $141k in professional fundraising fees. At year end it held assets of $229k against liabilities of $0, net assets of $229k.