Love Tank Foundation
- Assets
- $356.2k
- Revenue
- $6.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Vicksburg, MS
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-4339770
Organization Overview
Love Tank Foundation is located in Vicksburg, MS. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Tank Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Love Tank Foundation generated $6.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $20.7k during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $1,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,991 |
| Capital Gain Net Income | $4,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $681 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,820 |
| Savings and temporary cash investments | $319,390 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $356,210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Love Tank Foundation has awarded $20,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Vicksburg, MS PURPOSE: ANIMAL PROTECTION AND WELFARE | $7,000 |
Vicksburg, MS PURPOSE: MINISTRY | $3,000 |
GALILEE BAPTIST CHURCH PURPOSE: MINISTRY | $2,000 |
STONE COUNTY SPCA PURPOSE: ANIMAL PROTECTION AND WELFARE | $2,000 |
RAINBOW FARMS RIDING CENTER PURPOSE: ANIMAL PROTECTION AND WELFARE | $2,000 |
MS HORSE RESCUE PURPOSE: ANIMAL PROTECTION AND WELFARE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Girl Scouts - Diamonds Of Arkansas Oklahoma And Texas Little Rock, AR | $7,427,624 | $5,269,296 |
The Riley Foundation Meridian, MS | $106,706,164 | $2,375,468 |
Good Shepherd Medication Management Memphis, TN | $2,325,879 | $2,559,042 |
Project Reflect Madison, TN | $4,733,587 | $4,700,384 |
Baton Rouge University Preparatory Charter School Inc Baton Rouge, LA | $4,975,030 | $5,662,511 |
Bill Rice Ranch Inc Murfreesboro, TN | $8,212,309 | $3,055,361 |
Alabama Quality Assurance Foundation Birmingham, AL | $2,705,369 | $2,946,978 |
New Orleans Culinary And Hospitality Institute Inc New Orleans, LA | $17,473,876 | $4,779,662 |
The@jane K Lowe Charitable Foundation Huntsville, AL | $27,357,371 | $2,048,712 |
Port Rail Inc Lake Charles, LA | $1,704,334 | $1,825,645 |