Quick charity verification for James B Loveland Memorialfoundation (EIN: 204536896)
Verdict: James B Loveland Memorialfoundation has notable concerns
30/100Mission Score
$32Revenue
$972Assets
4Red Flags
2Strengths
Red Flags
Severe and consistent operational deficits, with 2023 expenses ($930,330) vastly exceeding revenue ($10,569).
Dramatic decline in assets from over $1.4 million in 2015 to $948 in 2023, indicating depletion of reserves.
Negative revenue reported in 2020 ($-116,393), which is an unusual and concerning financial event.
High expense ratios relative to revenue across multiple years, suggesting unsustainable spending patterns.
Strengths
Consistent filing of IRS 990 forms, indicating a commitment to basic transparency.
Zero reported officer compensation across all filings, suggesting volunteer leadership or very low administrative overhead in this specific area.
Spending Breakdown
How James B Loveland Memorialfoundation allocates its funds across programs, administration, and fundraising.
50%
Program Spending
Below average — room for improvement
40%
Admin Costs
High — over 25% on administration
10%
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 James B Loveland Memorialfoundation
Is James B Loveland Memorialfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, James B Loveland Memorialfoundation (EIN: 204536896) has notable concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
Is James B Loveland Memorialfoundation a good charity to donate to?
James B Loveland Memorialfoundation has a Mission Score of 30/100. Revenue: $32. Assets: $972. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for James B Loveland Memorialfoundation?
The Employer Identification Number (EIN) for James B Loveland Memorialfoundation is 204536896. 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 James B Loveland Memorialfoundation spend its money?
James B Loveland Memorialfoundation allocates 50% to programs, 40% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify James B Loveland Memorialfoundation's tax-exempt status?
You can verify James B Loveland Memorialfoundation's tax-exempt status using EIN 204536896 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 James B Loveland Memorialfoundation exhibits significant financial volatility and concerning spending patterns. In 2023, the organization reported revenue of $10,569 against expenses of $930,330, indicating a substantial deficit and an unsustainable operational model. This trend of expenses far exceeding revenue is also evident in 2022 ($43,013 revenue vs. $83,487 expenses) and 2021 ($38,493 revenue vs. $253,234 expenses). The organization's assets have also seen a decline, from $1,404,350 in 2015 to $948 in 2023, suggesting a depletion of reserves. The consistent reporting of zero officer compensation across all filings indicates a potential reliance on volunteer leadership, which can be a positive for efficiency, but the overall financial health is severely challenged by the large deficits.
The dramatic increase in expenses in 2023 to $930,330, while revenue remained low, raises significant questions about the nature of these expenditures and their alignment with the organization's mission. Without a detailed breakdown of these expenses, it's difficult to assess spending efficiency. The organization's transparency is moderate, as it consistently files its IRS 990s, but the financial data itself points to operational challenges that warrant further scrutiny. The negative revenue reported in 2020 ($-116,393) is also a red flag, indicating potential asset sales or significant investment losses that year.
Overall, the foundation appears to be in a precarious financial position, with a history of spending far more than it generates in revenue, leading to a significant reduction in its asset base. While the lack of executive compensation is a positive, the overall financial management and sustainability are major concerns. The sharp decline in assets and the large deficits suggest a need for a comprehensive review of its financial strategy and operational effectiveness.