Quick charity verification for Love Inc Of Greater Sheldon (EIN: 10729841)
Verdict: Love Inc Of Greater Sheldon appears trustworthy
85/100Mission Score
$348KRevenue
$529KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest filing (202312), with $248,568 in expenses against $209,025 in revenue.
Strengths
Zero officer compensation reported across all filings, indicating extremely low executive overhead.
Consistent asset base, generally above $500,000, demonstrating financial stability.
Low liabilities in recent years (e.g., $2,959 in 202312), indicating good debt management.
Steady revenue generation over the past decade, supporting ongoing operations.
Spending Breakdown
How Love Inc Of Greater Sheldon allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Inc Of Greater Sheldon
Is Love Inc Of Greater Sheldon a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Inc Of Greater Sheldon (EIN: 10729841) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Love Inc Of Greater Sheldon a good charity to donate to?
Love Inc Of Greater Sheldon has a Mission Score of 85/100. Revenue: $348K. Assets: $529K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Love Inc Of Greater Sheldon?
The Employer Identification Number (EIN) for Love Inc Of Greater Sheldon is 10729841. 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 Inc Of Greater Sheldon spend its money?
Love Inc Of Greater Sheldon allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Love Inc Of Greater Sheldon's tax-exempt status?
You can verify Love Inc Of Greater Sheldon's tax-exempt status using EIN 10729841 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 Inc Of Greater Sheldon demonstrates consistent financial activity, with revenues generally covering expenses over the past decade. The organization's assets have remained relatively stable, hovering around the mid-$500,000s, indicating a steady operational base. A notable aspect is the absence of reported officer compensation across all available filings, which suggests a volunteer-led or very lean administrative structure at the executive level. This practice can contribute to higher program spending efficiency.
However, the latest filing (Period 202312) shows expenses of $248,568 exceeding revenues of $209,025, resulting in a deficit for that year. While not a long-term trend, it warrants monitoring. The organization's liabilities have been consistently low in recent years, a positive indicator of financial stability, especially compared to periods like 2014-2017 where liabilities were significantly higher (e.g., $394,558 in 2017).
Overall, Love Inc Of Greater Sheldon appears to be a financially stable organization with a strong commitment to minimizing administrative overhead, as evidenced by zero officer compensation. Their consistent revenue generation and asset base support their ongoing mission, though the recent deficit should be observed in future filings.