Love Inc of Oscoda County

Analysis

Love Inc of Oscoda County is a registered charity in United States, based in Fairview, MI. It received its IRS tax-exemption ruling in September 2012, 14 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 Oscoda County reported income of $86k and spending of $78k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $86k (-4.6%), an average of -4.6% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Oscoda County sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Mad Ministries ($86k), Love Inc of Greater Hillsboro ($86k) and Stearns County American Dairy Assoc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 1.7% of the total. At year end it held assets of $248k against liabilities of $1,566, net assets of $246k.