Love Inc of Hardin County

Analysis

Love Inc of Hardin County is a registered charity in United States, based in Kenton, OH. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love Inc of Hardin County reported income of $53k and spending of $63k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $53k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Hardin County sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Bright Tomorrows Fellowship Inc ($53k), Holy Trinity Monastery ($53k) and Trinitarian Handmaids of the Divine Word Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 22% of the total. At year end it held assets of $25k against liabilities of $1,094, net assets of $24k.