For the Love

Analysis

For the Love is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in May 2021, 5 years ago. 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, For the Love reported income of $368k and spending of $353k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $467k to $368k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, For the Love sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within AR. Charities of a similar size with the same main cause include Gold Country Soccer League ($368k), Mt Pleasant Christian School Inc ($368k) and LA Crosse Public Education Foundation Inc ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $49k. At year end it held assets of $394k against liabilities of $1,710, net assets of $392k. It reported 3 employees.