Love Inc of the Heart of Florida

Analysis

Love Inc of the Heart of Florida is a registered charity in United States, based in Summerfield, FL. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Heart of Florida reported income of $821k and spending of $772k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $821k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Love Inc of the Heart of Florida sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include American Academy of Periodontology Foundation ($821k), Acs Regional Committees on Trauma ($821k) and Midwives for Haiti Inc ($821k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Other salaries and wages came to $357k. At year end it held assets of $1.5m against liabilities of $536k, net assets of $948k. It reported 14 employees.