Love Inc of Clay County

Analysis

Love Inc of Clay County is a registered charity in United States, based in Liberty, MO. It received its IRS tax-exemption ruling in January 2011, 15 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 of Clay County reported income of $489k and spending of $458k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $489k (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Clay County sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within MO. Charities of a similar size with the same main cause include Electronic Bible Fellowship Inc ($489k), St Marys Foundation ($489k) and Free Will Baptist Press Foundation Inc ($489k).

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 $43k (9.4% of expenses). Other salaries and wages came to $59k. At year end it held assets of $172k against liabilities of $0, net assets of $172k. It reported 4 employees.