Love Inc of the Black Hills

Analysis

Love Inc of the Black Hills is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in July 2001, 25 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 the Black Hills reported income of $1.1m and spending of $971k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of the Black Hills sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within SD. Charities of a similar size with the same main cause include Strength of Israel Inc ($1.1m), Latrice Ryan Ministries Inc ($1.1m) and Metropolitan Washington Orthodox Seniors Housing Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $87k (8.9% of expenses). Other salaries and wages came to $471k. At year end it held assets of $3.8m against liabilities of $730k, net assets of $3.0m. It reported 17 employees.