Love Inc of Boone Co Inc

Analysis

Love Inc of Boone Co Inc is a registered charity in United States, based in Lebanon, IN. It received its IRS tax-exemption ruling in July 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 Boone Co Inc reported income of $216k and spending of $262k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $216k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Boone Co Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include St Francis Senior Resources Inc ($216k), Northwest Animal Companions ($216k) and Farmers Market of the Ozarks Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $88k (34% of expenses). Other salaries and wages came to $42k. At year end it held assets of $377k against liabilities of $0, net assets of $377k. It reported 4 employees.