Love Inc of Van Wert County

Analysis

Love Inc of Van Wert County is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in March 2017, 9 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 of Van Wert County reported income of $69k and spending of $75k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $69k (-14%), an average of -14% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of Van Wert County sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Friends of Sebastian Inlet State Park Inc ($69k), St Alexius Foundation ($69k) and Portage Food Pantry Inc ($69k).

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 $61k against liabilities of $0, net assets of $61k.