Relay of Love Foundation Corp

Analysis

Relay of Love Foundation Corp is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in January 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 September 2023, Relay of Love Foundation Corp reported income of $220k and spending of $182k, spending 83% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $38k to $220k (+479%), an average of +479% a year. The sharpest change came in the year to September 2023, when income rose by 479%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Relay of Love Foundation Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Village Legal and Community Project ($220k), Crisis Intervention of Houston Incorporated ($220k) and Mechanicsburg Area Meals on Wheels ($220k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.