Love Inc of Suwannee County

Analysis

Love Inc of Suwannee County is a registered charity in United States, based in Live Oak, FL. It received its IRS tax-exemption ruling in November 1991, 35 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 Suwannee County reported income of $109k and spending of $81k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $109k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Suwannee County sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include West Virginia Hands & Voices Inc ($109k), Mentoring Mens Movement ($109k) and Moma Good Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $147k against liabilities of $570, net assets of $146k.