Love Inc of Wexford and Osceola Counties

Analysis

Love Inc of Wexford and Osceola Counties is a registered charity in United States, based in Cadillac, MI. It received its IRS tax-exemption ruling in March 1993, 33 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 Wexford and Osceola Counties reported income of $465k and spending of $429k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $465k (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Wexford and Osceola Counties sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Mision Vida Nueva ($465k), Open Arms of Blue Ridge Inc ($465k) and Credo High Foundation ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $217k. At year end it held assets of $539k against liabilities of $8,792, net assets of $531k. It reported 25 employees.