Love Makes Cent Inc

Analysis

Love Makes Cent Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Makes Cent Inc reported income of $62k and spending of $73k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $62k (-14%), an average of -14% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Love Makes Cent Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include Blackstone Business Association ($62k), Historic Irvington Community Council Inc ($62k) and North Berrien Community Development ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.