Love Inc of Sheboygan County Inc

Analysis

Love Inc of Sheboygan County Inc is a registered charity in United States, based in Sheboygan FLS, WI. It received its IRS tax-exemption ruling in July 2014, 12 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 Sheboygan County Inc reported income of $286k and spending of $303k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $286k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Sheboygan County Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Tipton County Commission on Aging ($286k), North County Food Bank ($286k) and Valley Thrift Store Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $58k (19% of expenses). Other salaries and wages came to $134k. At year end it held assets of $232k against liabilities of $0, net assets of $232k. It reported 6 employees.