Love Inc of Muskegon County

Analysis

Love Inc of Muskegon County is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in July 1983, 43 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 May 2023, Love Inc of Muskegon County reported income of $899k and spending of $745k, spending 83% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $601k to $899k (+49%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 73%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Muskegon County sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Streetwise Atlanta ($899k), About Our Kids Inc ($899k) and Milwaukee Lesbian-Gay-Bisexual- ($899k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $295k. At year end it held assets of $1.2m against liabilities of $339k, net assets of $831k. It reported 10 employees.