Love Inc of Eagle River

Analysis

Love Inc of Eagle River is a registered charity in United States, based in Eagle River, AK. It received its IRS tax-exemption ruling in May 2007, 19 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 Eagle River reported income of $92k and spending of $91k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $92k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Eagle River sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within AK. Charities of a similar size with the same main cause include Ministry Development Services Inc ($91k), Islamic Multi-Service Organization Inc ($92k) and Leons New Horizons Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $6,965 (7.7% of expenses). At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 1 employees.