Love Inc of Worthington

Analysis

Love Inc of Worthington is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in February 2011, 15 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 Worthington reported income of $95k and spending of $114k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $108k to $95k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Worthington sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Open Arms Pregnancy Center ($95k), Regeneration International Inc ($95k) and Gum Drops NFP ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $45k against liabilities of $1,248, net assets of $44k. It reported 2 employees.