Love Inc of Greater Hammond

Analysis

Love Inc of Greater Hammond is a registered charity in United States, based in Griffith, IN. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 Greater Hammond reported income of $76k and spending of $58k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $54k to $76k (+41%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Inc of Greater Hammond sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include Road Runners Club of America ($76k), PTA Texas Congress ($76k) and Horner Park Advisory Council ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (40% of expenses). Other salaries and wages came to $11k. At year end it held assets of $253k against liabilities of $49k, net assets of $204k. It reported 3 employees.