Love Inc of Metro Tampa

Analysis

Love Inc of Metro Tampa is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 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 2022, Love Inc of Metro Tampa reported income of $350k and spending of $254k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $234k to $350k (+50%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Metro Tampa 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 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Finishing Well Ministries ($350k), Bethel Family Enrichment Center ($350k) and Impact World Change Inc ($350k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $206k against liabilities of $0, net assets of $206k.