Love Inc of South Wood County Inc

Analysis

Love Inc of South Wood County Inc is a registered charity in United States, based in Wisc Rapids, WI. It received its IRS tax-exemption ruling in December 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 South Wood County Inc reported income of $190k and spending of $155k, spending 81% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $131k to $190k (+45%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Inc of South Wood County Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include Blood Bond Bleeding Disorders and Rare Diseases Nerwork ($190k), Jackson County Council on Aging ($190k) and Joy to the World Foundation Thailand ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (27% of expenses). Other salaries and wages came to $65k. At year end it held assets of $181k against liabilities of $1,846, net assets of $180k. It reported 8 employees.