The Love for Lochlin Foundation Incorporated

Analysis

The Love for Lochlin Foundation Incorporated is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 November 2023, The Love for Lochlin Foundation Incorporated reported income of $218k and spending of $126k, leaving 43% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $110k to $218k (+98%), an average of +98% a year. The sharpest change came in the year to November 2023, when income rose by 98%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Love for Lochlin Foundation Incorporated 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 56th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Memphis Dental Society Charitable Fund Inc ($218k), Sophies Squad ($218k) and Carenet Pregnancy Center of Okanogan County ($218k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $2,540. At year end it held assets of $153k against liabilities of $462, net assets of $153k. It reported 1 employees.