Love Inc in the Name of Christ of Vermilion County

Analysis

Love Inc in the Name of Christ of Vermilion County is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 in the Name of Christ of Vermilion County reported income of $56k and spending of $41k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $56k (-14%), an average of -14% a year. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc in the Name of Christ of Vermilion County sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Sols Legacy Ministries ($56k), Arabic Baptist Church ($56k) and David Shivers Ministries Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $16k against liabilities of $1,182, net assets of $15k.