Love Inc of Lufkin

Analysis

Love Inc of Lufkin is a registered charity in United States, based in Lufkin, TX. It received its IRS tax-exemption ruling in July 1993, 33 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 Lufkin reported income of $118k and spending of $114k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $118k (-7.2%), an average of -7.2% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Lufkin sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include The Womens Commission of Southwest Louisiana ($118k), Abounding Grace Ministries -- Middle Georgia Inc ($118k) and Legacy Flight Academy ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $135k against liabilities of $1,582, net assets of $133k.