Lovin Life Inc

Analysis

Lovin Life Inc is a registered charity in United States, based in Victoria, MN. It received its IRS tax-exemption ruling in July 2016, 10 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, Lovin Life Inc reported income of $315k and spending of $217k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $315k (+151%), an average of +151% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lovin Life Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Princess Promise Inc ($315k), Freedom House Ministries ($315k) and Atlas of Lyon County ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $25k (12% of expenses). At year end it held assets of $266k against liabilities of $27k, net assets of $239k.