Loving Hearts Outreach Inc

Analysis

Loving Hearts Outreach Inc is a registered charity in United States, based in Washington, MO. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, Loving Hearts Outreach Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.7m (+27%), an average of +8.4% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loving Hearts Outreach Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Disability Network Lakeshore ($1.7m), Desoto School Inc ($1.7m) and Holly Street Corporation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $77k (4.4% of expenses). Other salaries and wages came to $72k. At year end it held assets of $277k against liabilities of $133k, net assets of $143k. It reported 9 employees.