Loving Hearts Foundation for Africa USA

Analysis

Loving Hearts Foundation for Africa USA is a registered charity in United States, based in Nine Mile FLS, WA. It received its IRS tax-exemption ruling in May 2020, 6 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, Loving Hearts Foundation for Africa USA reported income of $85k and spending of $67k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $85k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loving Hearts Foundation for Africa USA sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include Blue Valley Southwest High School PTO ($85k), Young Adult Consumer Education TR ($85k) and Meany Middle School Ptsa 6-15-420 ($85k).

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 $31k against liabilities of $0, net assets of $31k.