Is Love Thy Neighbor Community Development And Opportunity Corp Legit?
Quick charity verification for Love Thy Neighbor Community Development And Opportunity Corp (EIN: 113658341)
Verdict: Love Thy Neighbor Community Development And Opportunity Corp appears trustworthy
75/100Mission Score
$426KRevenue
$14KAssets
2Red Flags
4Strengths
Red Flags
Frequent operational deficits, with expenses exceeding revenue in multiple periods (e.g., 2024, 2023, 2021, 2018, 2017, 2016, 2015).
Liabilities have increased significantly in some periods, reaching $82,360 in 2024, which warrants monitoring.
Strengths
Consistent and significant revenue growth over the past decade, indicating increasing support.
0% reported officer compensation across all filings, suggesting high dedication to mission and efficient use of funds at the leadership level.
Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Growing asset base, from $5,250 in 2018 to $113,728 in 2024, enhancing financial stability.
Spending Breakdown
How Love Thy Neighbor Community Development And Opportunity Corp 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 Thy Neighbor Community Development And Opportunity Corp
Is Love Thy Neighbor Community Development And Opportunity Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Thy Neighbor Community Development And Opportunity Corp (EIN: 113658341) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Love Thy Neighbor Community Development And Opportunity Corp a good charity to donate to?
Love Thy Neighbor Community Development And Opportunity Corp has a Mission Score of 75/100. Revenue: $426K. Assets: $14K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Love Thy Neighbor Community Development And Opportunity Corp?
The Employer Identification Number (EIN) for Love Thy Neighbor Community Development And Opportunity Corp is 113658341. 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 Thy Neighbor Community Development And Opportunity Corp spend its money?
Love Thy Neighbor Community Development And Opportunity Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Love Thy Neighbor Community Development And Opportunity Corp's tax-exempt status?
You can verify Love Thy Neighbor Community Development And Opportunity Corp's tax-exempt status using EIN 113658341 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 Thy Neighbor Community Development And Opportunity Corp demonstrates a consistent growth in revenue over the past several years, from $28,192 in 2016 to $447,066 in 2024. This indicates increasing support for its mission. The organization's assets have also shown growth, reaching $113,728 in 2024, which provides a stronger financial base. However, the organization has frequently reported expenses exceeding revenue, such as in 2024 where expenses were $464,498 against revenues of $447,066, resulting in a deficit. This trend of operating at a deficit in several periods (e.g., 2024, 2023, 2021, 2018, 2017, 2016, 2015) suggests a need for closer monitoring of expenditure relative to income to ensure long-term sustainability.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s over 12 periods, indicating adherence to regulatory requirements. A significant positive aspect is the reported 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially indicating a high dedication to program spending. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation is a strong indicator of efficient use of funds at the leadership level.
Overall, Love Thy Neighbor appears to be a growing organization with a strong commitment to its mission, as evidenced by increasing revenue and no reported officer compensation. However, the recurring operational deficits warrant attention to ensure financial stability and prevent reliance on depleting reserves or increasing liabilities. Further detailed analysis of expense categories would provide a clearer picture of spending efficiency.