Love Inc - Staunton-Waynesboro-Augusta

Analysis

Love Inc - Staunton-Waynesboro-Augusta is a registered charity in United States, based in Fishersville, VA. It received its IRS tax-exemption ruling in February 2013, 13 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 - Staunton-Waynesboro-Augusta reported income of $881k and spending of $842k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $881k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc - Staunton-Waynesboro-Augusta sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Freedom Hunters ($881k), Family Violence Prevention Inc ($881k) and Garden Park Apartments Community a California Nonprofit Public Benefi ($880k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $156k (19% of expenses). Other salaries and wages came to $407k. At year end it held assets of $265k against liabilities of $2,874, net assets of $262k. It reported 22 employees.