Love Inc of the Cedar Valley

Analysis

Love Inc of the Cedar Valley is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in March 2010, 16 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 the Cedar Valley reported income of $342k and spending of $325k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $342k (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of the Cedar Valley sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Memory Cafe of the Red River Valley ($342k), Neighbor in Need ($342k) and Arts Sports and Technology Resource Organization ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $39k (12% of expenses). Other salaries and wages came to $133k. At year end it held assets of $211k against liabilities of $9,022, net assets of $202k. It reported 13 employees.