Love Inc Des Moines

Analysis

Love Inc Des Moines is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Des Moines reported income of $167k and spending of $187k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $314k to $167k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc Des Moines sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Prism United ($167k), Dover Police Charities Inc ($167k) and Outfitters Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $243k against liabilities of $168, net assets of $243k.