Love Inc of the Greater Gowanda

Analysis

Love Inc of the Greater Gowanda is a registered charity in United States, based in Gowanda, NY. It received its IRS tax-exemption ruling in July 2002, 24 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, Love Inc of the Greater Gowanda reported income of $111k and spending of $87k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $111k (+5.3%), an average of +5.3% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of the Greater Gowanda sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Sonoma Home Meals Inc ($111k), Society of Saint Vincent de Paul Sacred Heart Conference ($111k) and Faithbuilders Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.