Lovelife Foundation

Analysis

Lovelife Foundation is a registered charity in United States, based in Suisun City, CA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lovelife Foundation reported income of $203k and spending of $149k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $203k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lovelife Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Black Surf Santa Cruz Inc ($203k), The Wow Flower Project ($203k) and Boys & Girls Clubs of the Albemarle Foundation ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $21k (14% of expenses). At year end it held assets of $119k against liabilities of $0, net assets of $119k.