Love Inc of North Oakland County

Analysis

Love Inc of North Oakland County is a registered charity in United States, based in Oxford, MI. It received its IRS tax-exemption ruling in May 2007, 19 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 North Oakland County reported income of $236k and spending of $242k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $236k (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of North Oakland County sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Strategic Global Mission ($236k), Loaves & Fishes Ministries Inc ($236k) and Psalm 1 3 Ministries ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (21% of expenses). Other salaries and wages came to $67k. It paid $10k in professional fundraising fees. At year end it held assets of $68k against liabilities of $942, net assets of $67k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.