Is I Love U Guys Foundation Legit?

Quick charity verification for I Love U Guys Foundation (EIN: 205653583)

Verdict: I Love U Guys Foundation appears trustworthy

90/100Mission Score
$3.0MRevenue
$906KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

The I Love U Guys Foundation demonstrates strong financial health and growth, with revenue consistently exceeding expenses in recent years. For example, in 2023, revenue was $2,713,346 against expenses of $2,641,169, indicating a surplus. The organization's assets have also shown significant growth, increasing from $398,555 in 2020 to $992,212 in 2023, suggesting effective asset management and financial stability. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. While specific program spending percentages are not provided in the raw data, the overall financial picture suggests a well-managed organization. The substantial increase in revenue from $469,879 in 2020 to $2,713,346 in 2023 highlights successful fundraising and growing support for its mission. The relatively low liabilities compared to assets, such as $334,300 in liabilities against $992,212 in assets in 2023, further reinforces its sound financial standing. The absence of officer compensation is a strong positive for transparency and donor confidence.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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