Love Inc Of Greater Hancock County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 163,067 | 153,755 | 9,312 | 19.5 | 69% |
| 2021 | 179,673 | 166,981 | 12,692 | 19.6 | 72% |
| 2022 | 180,113 | 182,569 | −2,456 | 19.2 | 69% |
| 2023 | 246,867 | 172,066 | 74,801 | 26.5 | 69% |
In its most recent public year (2023), this organization brought in $74,801 more than it spent. Its reserves stood at about 26.5 months of spending, up from 19.5 in 2020. Staff pay was 69% of spending. $88,085 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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