Love a Chance Foundation

Analysis

Love a Chance Foundation is a registered charity in United States, based in Manteca, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, 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 a Chance Foundation reported income of $244k and spending of $68k, leaving 72% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $854k to $244k (-71%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 4402%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love a Chance Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Kid Prints Inc ($244k), Richland County Commission on Aging Inc ($244k) and Mission Righteous Roots ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $892k against liabilities of $0, net assets of $892k.