Love Inc Love in the Name of Christ

Analysis

Love Inc Love in the Name of Christ is a registered charity in United States, based in Jenison, MI. It received its IRS tax-exemption ruling in July 2003, 23 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 June 2023, Love Inc Love in the Name of Christ reported income of $1.5m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $618k to $1.5m (+135%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 105%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc Love in the Name of Christ sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Longlea Conference Center Inc ($1.5m), India Gospel Outreach ($1.5m) and Employment Horizons Enterprises Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $105k (7.8% of expenses). Other salaries and wages came to $439k. At year end it held assets of $958k against liabilities of $19k, net assets of $938k. It reported 13 employees.