Love Inc of Otero County

Analysis

Love Inc of Otero County is a registered charity in United States, based in Alamogordo, NM. It received its IRS tax-exemption ruling in January 2009, 17 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 Otero County reported income of $137k and spending of $140k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $154k to $137k (-11%), an average of -11% a year. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Otero County sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within NM. Charities of a similar size with the same main cause include R3 Ministry Network Inc ($137k), Love Inc of South Kent County ($137k) and Hope Unlimited Ministries ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $269k against liabilities of $174k, net assets of $95k.