Is Love146 Inc Legit?

Strengths

Consistent 0% officer compensation across all filings, demonstrating exceptional transparency and dedication to mission.
Strong program spending ratio, indicating efficient use of funds for its stated purpose.
Consistent revenue generation and asset growth over the past decade, suggesting financial stability and increasing capacity.
Positive net assets in all reported periods, showing sound financial management.
Low liabilities relative to assets, indicating a healthy balance sheet.

Spending Breakdown

How Love146 Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Love146 Inc

Is Love146 Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Love146 Inc (EIN: 201168284) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Love146 Inc a good charity to donate to?

Love146 Inc has a Mission Score of 92/100. Revenue: $8.3M. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Love146 Inc?

The Employer Identification Number (EIN) for Love146 Inc is 201168284. 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 Love146 Inc spend its money?

Love146 Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Love146 Inc's tax-exempt status?

You can verify Love146 Inc's tax-exempt status using EIN 201168284 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

Love146 Inc demonstrates a consistent commitment to its mission, with program spending typically accounting for a significant portion of its total expenses. For instance, in the 202206 period, with total expenses of $4,187,609, a substantial majority was directed towards programs. The organization's financial health appears stable, with assets growing over time, reaching $2,274,322 in the 202306 period, up from $1,766,066 in 202206. This growth in assets, alongside a healthy revenue stream (e.g., $5,103,015 in 202306), indicates a capacity to sustain and potentially expand its operations.

Spending efficiency is generally strong, with expenses closely tracking revenue, suggesting effective resource utilization without excessive accumulation of unrestricted funds. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a focus on directing funds towards the mission rather than executive salaries. This practice significantly enhances donor confidence and reflects a strong ethical stance.

Overall, Love146 Inc exhibits sound financial management, a clear dedication to its programmatic goals, and a high degree of transparency regarding executive compensation. The organization's ability to maintain positive net assets and manage liabilities effectively further solidifies its financial standing and operational integrity.

Verdict: Love146 Inc appears trustworthy

Red Flags