Love Inc of Greater Cushing

Analysis

Love Inc of Greater Cushing is a registered charity in United States, based in Cushing, OK. It received its IRS tax-exemption ruling in March 2007, 19 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 Greater Cushing reported income of $239k and spending of $251k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $239k (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Greater Cushing sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include Erins Hope for Friends Inc ($239k), Cane Child Development Center ($239k) and Iron Bell Ministries Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $42k (17% of expenses). Other salaries and wages came to $69k. At year end it held assets of $515k against liabilities of $129k, net assets of $386k. It reported 6 employees.