Audrey Love Charitable Foundation

Audrey Love Charitable Foundation: Consistent Grantmaking, High Administrative Costs

EIN: 222766994 · Mineola, NY · Updated: 2026-04-04

$11.6MRevenue
$55.4MAssets
70/100Mission Score (Good)

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Audrey Love Charitable Foundation Financial Summary
MetricValue
Total Revenue$11.6M
Total Expenses$2.2M
Net Assets$45.5M
Transparency Score70/100

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Audrey Love Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

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Form 990 Filing Summary

10 filing years are available, with latest revenue of $2.5M and expenses of $2.2M.

Revenue and Expenses

Audrey Love Charitable Foundation reported $2.5M in revenue and $2.2M in expenses, a surplus of $325K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.

Is Audrey Love Charitable Foundation Legit?

Some Concerns

GoodFiling Consistency
UnknownSpending Efficiency
GoodTransparency
3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
PendingProgram Expense
$0Grants Paid
10Stored Filing Years

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Expense Deployment

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Across stored filings, Audrey Love Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.

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Audrey Love Charitable Foundation Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 3 red flags identified
Mission spendPendingUnknown
Financial durabilityGrade A10 stored filing years
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About Audrey Love Charitable Foundation

Audrey Love Charitable Foundation (EIN: 222766994) is a nonprofit organization based in Mineola, NY. The organization reported total revenue of $11.6M and total assets of $55.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Audrey Love Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

39Years Operating
LargeSize Classification
10Years of Filings
MixedRevenue Trajectory

Audrey Love Charitable Foundation is a large nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$2.5M
Total Expenses$2.2M
Surplus / Deficit+$325K
Total Assets$45.5M
Total Liabilities$1
Net Assets$45.5M
Operating Margin13.0%
Debt-to-Asset Ratio0.0%
Months of Reserves250.1 months

Financial Health Grade: A

In 2023, Audrey Love Charitable Foundation reported a surplus of $325K with revenue exceeding expenses, holds 250.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 10 years of filings (2011–2023), Audrey Love Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.

YearRevenue ChangeExpense ChangeAsset Change
2023+170.2%+6.7%+14.4%
2022+33.5%-2.0%-22.9%
2021+2321.6%+0.4%+12.6%
2020-98.0%+5.9%+11.4%
2019+55.6%-3.0%+16.8%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1987

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Audrey Love Charitable Foundation is a unknown nonprofit based in Mineola, New York, with reported revenue of $11.6M and assets of $55.4M. Our AI analysis assigns a Mission Score of 70/100 (Good). Executive compensation is not reported in the provided filings, as indicated by 'c0%' for compensation in all years. Revenue has remained stable +5% across 10 filing periods.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Audrey Love Charitable Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 100%
  • programs: 0%
  • fundraising: 0%

According to IRS 990 filings, Audrey Love Charitable Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$2.5MTotal Revenue
$2.2MTotal Expenses
$45.5MTotal Assets
$1Total Liabilities
$45.5MNet Assets
  • The organization reported a surplus of $325K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 0.0%.

Executive Compensation Analysis

Executive compensation is not reported in the provided filings, as indicated by 'c0%' for compensation in all years.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Audrey Love Charitable Foundation's IRS 990 filings:

  • Zero reported program service expenses, suggesting all grants are categorized under administrative or other non-program functions.
  • 100% of reported functional expenses are allocated to administrative costs, raising questions about operational efficiency and direct impact.
  • Significant fluctuations in total assets, from $35,209,125 in 2015 to $55,383,691 in 2023, without clear explanation in the provided data.

Strengths

The following positive indicators were identified for Audrey Love Charitable Foundation:

  • Consistent grantmaking activity despite high administrative expense reporting.
  • Financial filings are consistently available for multiple years, demonstrating transparency in reporting.
  • No reported executive compensation, which can be a positive for donor perception.

Frequently Asked Questions about Audrey Love Charitable Foundation

Is Audrey Love Charitable Foundation a legitimate charity?

Audrey Love Charitable Foundation (EIN: 222766994) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $11.6M. 3 red flags identified. 3 strengths noted. Financial health grade: A.

How does Audrey Love Charitable Foundation spend its money?

Audrey Love Charitable Foundation reported $11.6M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.

Are donations to Audrey Love Charitable Foundation tax-deductible?

Audrey Love Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 222766994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Where is Audrey Love Charitable Foundation located?

Audrey Love Charitable Foundation is headquartered in Mineola, New York and files with the IRS under EIN 222766994.

How many years of IRS 990 filings does Audrey Love Charitable Foundation have?

Audrey Love Charitable Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.6M in total revenue.

What does Audrey Love Charitable Foundation do?

Audrey Love Charitable Foundation is a nonprofit organization in the Unknown sector, located in Mineola, New York. It is classified under NTEE code Unknown.

How much revenue does Audrey Love Charitable Foundation have?

Audrey Love Charitable Foundation reported total revenue of $11,640,976. Based on 10 IRS 990 filings on record.

What are Audrey Love Charitable Foundation's total assets?

Audrey Love Charitable Foundation holds total assets of $55,383,691 as reported in IRS 990 filings.

Where is Audrey Love Charitable Foundation located?

Audrey Love Charitable Foundation is based in Mineola, New York.

What is Audrey Love Charitable Foundation's EIN?

Audrey Love Charitable Foundation's Employer Identification Number (EIN) is 222766994. This is the unique tax ID assigned by the IRS for tax-exempt organizations.

What type of nonprofit is Audrey Love Charitable Foundation?

Audrey Love Charitable Foundation is classified under NTEE code Unknown (Unknown).

Is Audrey Love Charitable Foundation a registered 501(c)(3)?

Audrey Love Charitable Foundation appears in IRS records (EIN: 222766994). Check the IRS Tax Exempt Organization Search for the most current determination letter status.

Does Audrey Love Charitable Foundation file IRS Form 990?

Yes, Audrey Love Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.

What was Audrey Love Charitable Foundation's revenue in 2023?

In the 202312 filing period, Audrey Love Charitable Foundation reported total revenue of $2,506,657, total expenses of $2,181,787, and net assets of $45,477,124.

Is Audrey Love Charitable Foundation's revenue growing or declining?

Audrey Love Charitable Foundation's revenue is growing. Revenue went from $927,718 (202212) to $2,506,657 (202312), a +170.2% change. Based on 10 filings on record.

What is Audrey Love Charitable Foundation's most recent 990 filing?

The most recent IRS Form 990 filing for Audrey Love Charitable Foundation covers tax period 202312. It shows revenue of $2,506,657, expenses of $2,181,787, total assets of $45,477,124, and liabilities of $1.

Is Audrey Love Charitable Foundation a trustworthy charity?

Based on AI analysis of IRS 990 data, Audrey Love Charitable Foundation appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.

What are the red flags for Audrey Love Charitable Foundation?

The following concerns were identified: Zero reported program service expenses, suggesting all grants are categorized under administrative or other non-program functions.. 100% of reported functional expenses are allocated to administrative costs, raising questions about operational efficiency and direct impact.. Significant fluctuations in total assets, from $35,209,125 in 2015 to $55,383,691 in 2023, without clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.

What are Audrey Love Charitable Foundation's strengths?

Positive indicators for Audrey Love Charitable Foundation include: Consistent grantmaking activity despite high administrative expense reporting.. Financial filings are consistently available for multiple years, demonstrating transparency in reporting.. No reported executive compensation, which can be a positive for donor perception.. These findings are derived from AI analysis of the organization's financial filings.

How does Audrey Love Charitable Foundation compensate executives?

Executive compensation is not reported in the provided filings, as indicated by 'c0%' for compensation in all years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.

How does the foundation categorize its grant distributions if 'program service expenses' are consistently reported as zero?

Based on the provided data, all expenses are categorized as 'administrative expenses.' This implies that grant distributions, if any, are either embedded within these administrative costs or are not reported as functional expenses in the traditional sense, which is unusual for a charitable foundation.

What is the nature of the 'administrative expenses' given they constitute 100% of functional expenses and exceed revenue in most years?

The 'administrative expenses' likely encompass all operational costs, including salaries, office expenses, and potentially the grants themselves, as no other functional expense categories are reported. For example, in 2023, expenses were $2,181,787 while revenue was $2,506,657, indicating that expenses are substantial relative to income.

Filing History

IRS 990 filing history for Audrey Love Charitable Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Audrey Love Charitable Foundation's revenue has grown by 4.7%, moving from $2.4M to $2.5M. Total assets increased by 20% over the same period, from $37.9M to $45.5M. Total functional expenses rose by 10.3%, from $2.0M to $2.2M. In its most recent filing year (2023), Audrey Love Charitable Foundation reported a surplus of $325K, with revenue exceeding expenses. The organization holds $1 in liabilities against $45.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $45.5M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $2.5M $2.2M $45.5M $1 View 990
2022 $928K $2.0M $39.8M $1 View 990
2021 $695K $2.1M $51.5M $1
2020 $29K $2.1M $45.8M $1
2019 $1.4M $2.0M $41.1M $1 View 990
2015 $923K $2.0M $35.2M $1 View 990
2014 $1.0M $2.2M $36.3M $1 View 990
2013 $1.6M $1.7M $37.4M $1 View 990
2012 $872K $1.2M $37.5M $1 View 990
2011 $2.4M $2.0M $37.9M $0 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $2.5M, expenses of $2.2M, and assets of $45.5M (revenue +170.2% year-over-year).
  • 2022: Revenue of $928K, expenses of $2.0M, and assets of $39.8M (revenue +33.5% year-over-year).
  • 2021: Revenue of $695K, expenses of $2.1M, and assets of $51.5M (revenue +2321.6% year-over-year).
  • 2020: Revenue of $29K, expenses of $2.1M, and assets of $45.8M (revenue -98.0% year-over-year).
  • 2019: Revenue of $1.4M, expenses of $2.0M, and assets of $41.1M (revenue +55.6% year-over-year).
  • 2015: Revenue of $923K, expenses of $2.0M, and assets of $35.2M (revenue -11.7% year-over-year).
  • 2014: Revenue of $1.0M, expenses of $2.2M, and assets of $36.3M (revenue -35.5% year-over-year).
  • 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $37.4M (revenue +85.7% year-over-year).
  • 2012: Revenue of $872K, expenses of $1.2M, and assets of $37.5M (revenue -63.6% year-over-year).
  • 2011: Revenue of $2.4M, expenses of $2.0M, and assets of $37.9M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Audrey Love Charitable Foundation:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Audrey Love Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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