Love Inc of Greater Hancock County

Analysis

Love Inc of Greater Hancock County is a registered charity in United States, based in Greenfield, IN. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Greater Hancock County reported income of $247k and spending of $172k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $247k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Greater Hancock County sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Wings of Eagles International Inc ($247k), Chosen Vessels Incorporated ($247k) and Order of Peace Love Truth Tolerance and Cooperation ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $119k. At year end it held assets of $414k against liabilities of $34k, net assets of $380k. It reported 3 employees.