Rabbonis Love Inc

Analysis

Rabbonis Love Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rabbonis Love Inc reported income of $98k and spending of $101k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $54k to $98k (+80%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rabbonis Love Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within CT. Charities of a similar size with the same main cause include Good Friends of Georgetown ($98k), Rotary Club of Pensacola Foundation Inc ($98k) and Butler Hospital Foundation ($98k).

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 $4,778 against liabilities of $7,970, net assets of -$3,192.