Love and Care Inc

Analysis

Love and Care Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in March 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love and Care Inc reported income of $618k and spending of $691k, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $606k to $618k (+1.9%), an average of +0.6% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love and Care Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within WV. Charities of a similar size with the same main cause include Star House Foundation Inc ($618k), Cedar Rapids Community School District Foundation ($618k) and Rochester City Ballet Inc ($618k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Other salaries and wages came to $468k. At year end it held assets of $328k against liabilities of $37k, net assets of $291k. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.