Love Inc of Western Suburbs Chicago

Analysis

Love Inc of Western Suburbs Chicago is a registered charity in United States, based in Clarendon HLS, IL. It received its IRS tax-exemption ruling in June 1986, 40 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 Western Suburbs Chicago reported income of $198k and spending of $195k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $198k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Western Suburbs Chicago sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Nederland Area Seniors Inc ($198k), Hutto Resource Center ($198k) and Lakeview Shepherd Center Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $43k (22% of expenses). Other salaries and wages came to $20k. At year end it held assets of $158k against liabilities of $399, net assets of $158k. It reported 2 employees.