Love Inc of Greater Sheldon

Analysis

Love Inc of Greater Sheldon is a registered charity in United States, based in Sheldon, IA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love Inc of Greater Sheldon reported income of $209k and spending of $249k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $209k (+0.9%), an average of +0.2% 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 Greater Sheldon sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Crack the Wellness Code ($209k), Shepherds of Love Ministries Inc ($209k) and In My Fathers House Community Support Services Network Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $46k (18% of expenses). Other salaries and wages came to $67k. At year end it held assets of $525k against liabilities of $2,959, net assets of $522k. It reported 5 employees.