Quick charity verification for Love Akron (EIN: 208035010)
Verdict: Love Akron appears trustworthy
85/100Mission Score
$625KRevenue
$104KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Consistent 0% officer compensation for an organization of this size could indicate compensation is reported in other categories, requiring deeper investigation for full transparency.
Strengths
Consistent revenue growth, particularly from 2020 to 2023, indicating increasing support.
Positive trend in assets, growing from $29,972 in 2020 to $163,701 in 2023, strengthening financial stability.
Consistent reporting of 0% officer compensation across all filings, suggesting a strong commitment to directing funds to the mission.
Expenses closely track revenue in recent years (e.g., $483,882 revenue vs. $480,563 expenses in 2023), indicating sound financial management.
Long history of IRS 990 filings (13 filings), demonstrating regulatory compliance and transparency.
Spending Breakdown
How Love Akron allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Love Akron
Is Love Akron a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Akron (EIN: 208035010) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Love Akron a good charity to donate to?
Love Akron has a Mission Score of 85/100. Revenue: $625K. Assets: $104K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Love Akron?
The Employer Identification Number (EIN) for Love Akron is 208035010. 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 Love Akron spend its money?
Love Akron allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Love Akron's tax-exempt status?
You can verify Love Akron's tax-exempt status using EIN 208035010 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
Love Akron demonstrates a generally stable financial position, with recent years showing growth in revenue and assets. In 2023, the organization reported revenues of $483,882 against expenses of $480,563, indicating a near break-even operation. This trend of expenses closely tracking revenue is consistent across several years, suggesting careful financial management to align spending with available funds. The organization's assets have also shown a positive trend, increasing from $29,972 in 2020 to $163,701 in 2023, which strengthens its financial foundation.
However, a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, making a precise assessment of spending efficiency challenging. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator for transparency and resource allocation directly to the mission. While the overall financial health appears sound, more granular expense data would allow for a deeper analysis of how efficiently funds are being utilized for programmatic impact versus overhead.
Love Akron's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency. The absence of reported officer compensation is a strong point, indicating that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be viewed favorably by donors. The growth in revenue and assets, particularly in the last three years, suggests increasing support and capacity for the organization's mission.