Love Inc of Cuyahoga County

Analysis

Love Inc of Cuyahoga County is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in September 1998, 28 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 Cuyahoga County reported income of $261k and spending of $244k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $261k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Cuyahoga County sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Shelter Inc ($261k), Seventh Street Coffee Inc ($261k) and Caringplace of the Shoals Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $106k. At year end it held assets of $143k against liabilities of $4,032, net assets of $139k. It reported 5 employees.