Love and Care Homeless Foundation

Analysis

Love and Care Homeless Foundation is a registered charity in United States, based in Millbrae, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Love and Care Homeless Foundation reported income of $80k and spending of $93k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $80k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love and Care Homeless Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Wiregrass Blues Society ($80k), Travelers Aid of the Inland Empire ($80k) and Sea Cliff Council for the Arts Inc ($80k).

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 $3,691 against liabilities of $0, net assets of $3,691.