Love Inc of Yellowstone County

Analysis

Love Inc of Yellowstone County is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in March 2016, 10 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 Yellowstone County reported income of $122k and spending of $130k, spending 107% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $243k to $122k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Yellowstone County sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within MT. Charities of a similar size with the same main cause include American Friends of BH Foundation Inc ($122k), Scott Newton Smith Ministries Inc ($122k) and Nanak Naam ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $355k against liabilities of $2,832, net assets of $352k.