Love Inc of the Kenai Peninsula

Analysis

Love Inc of the Kenai Peninsula is a registered charity in United States, based in Kenai, AK. It received its IRS tax-exemption ruling in July 1988, 38 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 the Kenai Peninsula reported income of $992k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $992k (+145%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of the Kenai Peninsula sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within AK. Charities of a similar size with the same main cause include Community of Caritas ($990k), Islamic Shia Ithna-Asheri Jamaat of Albany ($992k) and Operation Grace World Missions Inc ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $360k. At year end it held assets of $60k against liabilities of $63k, net assets of -$2,975. It reported 13 employees.