Love Inc of Tulare County

Analysis

Love Inc of Tulare County is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. 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 Tulare County reported income of $597k and spending of $515k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $597k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Inc of Tulare County sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Carrfour Supportive Housing Inc ($597k), Teams for Medical Missions ($597k) and Neighborhood Clinic ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $62k (12% of expenses). Other salaries and wages came to $244k. At year end it held assets of $926k against liabilities of $373k, net assets of $553k. It reported 19 employees.