Love Inc - Heartland

Analysis

Love Inc - Heartland is a registered charity in United States, based in Delano, MN. It received its IRS tax-exemption ruling in June 2005, 21 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 - Heartland reported income of $428k and spending of $395k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $428k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc - Heartland sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Serving Orphans and Widows Ministries ($428k), New Life for Haiti ($428k) and San Mateo County Union Community Alliance ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $230k. At year end it held assets of $454k against liabilities of $14k, net assets of $441k. It reported 11 employees.