Gallatin County Love Inc

Analysis

Gallatin County Love Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Gallatin County Love Inc reported income of $1.2m and spending of $1.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $777k to $1.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gallatin County Love Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within MT. Charities of a similar size with the same main cause include New Way Ministries ($1.2m), Interface Ministries Inc ($1.2m) and Rav Chaims Kollelim Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $168k (11% of expenses). Other salaries and wages came to $314k. At year end it held assets of $1.7m against liabilities of $4,835, net assets of $1.7m. It reported 19 employees.