Love Inc of Greater Merced

Analysis

Love Inc of Greater Merced is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Greater Merced reported income of $272k and spending of $248k, spending 91% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $221k to $272k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Love Inc of Greater Merced sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Iron Workers Local 33 Apprentice TR Aining Fund ($272k), Bakersfield Womens Business Conference ($272k) and Appomattox Christian Academy ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $91k against liabilities of $0, net assets of $91k.