Love Inc of Mahaska County

Analysis

Love Inc of Mahaska County is a registered charity in United States, based in Oskaloosa, IA. It received its IRS tax-exemption ruling in May 1998, 28 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 Mahaska County reported income of $716k and spending of $672k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $464k to $716k (+54%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Mahaska County sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include Mothers Choice Child Care Inc ($716k), South Dakota Parent Connection ($716k) and Wounded Warrior Center Inc ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $192k (29% of expenses). Other salaries and wages came to $200k. At year end it held assets of $460k against liabilities of $16k, net assets of $444k. It reported 13 employees.