Laces 4 Love is a 501(c)(3) organization based in North Augusta, South Carolina, registered in 2014, with $25,135 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$25K
▲ 36.5% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$28K
Net assets
$4,544
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Laces 4 Love— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Laces 4 Love: 2 mo reserves · -10% margin earns a B on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Laces 4 Love— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Laces 4 Love: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $25K (FY2020) to $25K (FY2023) across 4 reported years.
Financial snapshot
Operating margin
-9.5%
Spent more than it raised in the latest fiscal year.
Total assets
$7,212
Total liabilities
$2,668
Net assets
$4,544
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $25,135▲36.5% | $27,523▲8.3% | $4,544▼34.4% | $7,212▼24.9% | 990 |
| 2022 | $18,415▲32.6% | $25,403▲36.8% | $6,932▼50.2% | $9,600▼31.0% | 990 |
| 2021 | $13,886▼45.5% | $18,573▼18.0% | $13,920▼25.2% | $13,920▼35.4% | 990 |
| 2020 | $25,480 | $22,658 | $18,607 | $21,544 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Laces 4 Love (EIN 26-0462971) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.