Love Inc of South Kent County

Analysis

Love Inc of South Kent County is a registered charity in United States, based in Alto, MI. It received its IRS tax-exemption ruling in January 2021, 5 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, Love Inc of South Kent County reported income of $137k and spending of $87k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $137k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of South Kent County sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Love Inc of Otero County ($137k), Truth by Fire International Ministries Inc ($137k) and R3 Ministry Network Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.3% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.