Foundation for Love and Acceptance Inc

Analysis

Foundation for Love and Acceptance Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2022, 4 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, Foundation for Love and Acceptance Inc reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $824k to $3.6m (+338%), an average of +338% a year. The sharpest change came in the year to December 2023, when income rose by 338%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for Love and Acceptance Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Florida Pregnancy Care Network Inc ($3.6m), Family Crisis Centers Inc ($3.6m) and Domestic Violence Resource Center ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.