Love Inc of Oceana County

Analysis

Love Inc of Oceana County is a registered charity in United States, based in Shelby, MI. It received its IRS tax-exemption ruling in August 2011, 15 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 Oceana County reported income of $241k and spending of $219k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $260k to $241k (-7.6%), an average of -2.6% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. 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 Oceana County sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include South Willamette Valley Honor Flight Inc ($241k), Supporting Emotional Needs of the Gifted ($241k) and Table for Two USA ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 0.3% of the total. Other salaries and wages came to $158k. At year end it held assets of $233k against liabilities of $700, net assets of $232k. It reported 18 employees.