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
Consistent revenue growth, increasing from $469,879 in 2020 to $2,713,346 in 2023.
Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
Healthy asset growth, with assets nearly tripling from $335,744 in 2019 to $992,212 in 2023.
Positive net income in most recent years (e.g., $72,177 surplus in 2023).
Strong financial health with manageable liabilities relative to assets.
Spending Breakdown
How I Love U Guys Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about I Love U Guys Foundation
Is I Love U Guys Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, I Love U Guys Foundation (EIN: 205653583) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is I Love U Guys Foundation a good charity to donate to?
I Love U Guys Foundation has a Mission Score of 90/100. Revenue: $3.0M. Assets: $906K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for I Love U Guys Foundation?
The Employer Identification Number (EIN) for I Love U Guys Foundation is 205653583. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does I Love U Guys Foundation spend its money?
I Love U Guys Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify I Love U Guys Foundation's tax-exempt status?
You can verify I Love U Guys Foundation's tax-exempt status using EIN 205653583 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
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.