Love Inc of Skagit County-In the Name of Christ

Analysis

Love Inc of Skagit County-In the Name of Christ is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Skagit County-In the Name of Christ reported income of $245k and spending of $201k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $245k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Inc of Skagit County-In the Name of Christ sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Norfolk & Western Historical Society Inc ($245k), Word Players ($245k) and C S Lewis Foundation ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $87k (43% of expenses). At year end it held assets of $447k against liabilities of $0, net assets of $447k. It reported 2 employees.