Love Inc of Nacogdoches Texas

Analysis

Love Inc of Nacogdoches Texas is a registered charity in United States, based in Nacogdoches, TX. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Nacogdoches Texas reported income of $680k and spending of $530k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $680k (+115%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Love Inc of Nacogdoches Texas sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include United Way of Kosciusko County Inc ($680k), Faegre Baker Daniels Foundation ($680k) and Central Oregon Fuse Inc ($679k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $53k (10.0% of expenses). Other salaries and wages came to $203k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 8 employees.