Love Inc of Springville Ny

Analysis

Love Inc of Springville Ny is a registered charity in United States, based in Springville, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love Inc of Springville Ny reported income of $113k and spending of $126k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $117k to $113k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Springville Ny sits at the 47th percentile: it is larger than about 47% 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 Mahamevnawa Meditation Center of Greater Washington DC ($113k), San Gabriel Valley Budhistic Association Inc ($113k) and Heavenly Grace Ministries Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $24k (19% of expenses). Other salaries and wages came to $29k. At year end it held assets of $199k against liabilities of $1,164, net assets of $197k. It reported 4 employees.