Choose Love Inc
EIN: 831378746 · New York, NY · NTEE: P20
About Choose Love Inc
Choose Love Inc (EIN: 831378746) is a nonprofit organization based in New York, NY, classified under NTEE code P20. The organization reported total revenue of $10.5M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Choose Love Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Choose Love Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Choose Love Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Choose Love Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Choose Love Inc's revenue has grown by 2979.4%, moving from $517K to $15.9M. Total assets increased by 1286.2% over the same period, from $283K to $3.9M. Total functional expenses rose by 5471.4%, from $239K to $13.3M. In its most recent filing year (2023), Choose Love Inc reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $105K in liabilities against $3.9M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15.9M | $13.3M | $3.9M | $105K | — | — |
| 2022 | $15.6M | $15.6M | $2.3M | $1.1M | — | View 990 |
| 2021 | $6.5M | $6.5M | $1.7M | $405K | — | View 990 |
| 2020 | $5.5M | $5.8M | $1.4M | $108K | — | View 990 |
| 2019 | $4.0M | $2.6M | $1.7M | $13K | — | View 990 |
| 2018 | $517K | $239K | $283K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.9M, expenses of $13.3M, and assets of $3.9M (revenue +2.0% year-over-year).
- 2022: Revenue of $15.6M, expenses of $15.6M, and assets of $2.3M (revenue +139.6% year-over-year).
- 2021: Revenue of $6.5M, expenses of $6.5M, and assets of $1.7M (revenue +19.5% year-over-year).
- 2020: Revenue of $5.5M, expenses of $5.8M, and assets of $1.4M (revenue +36.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $2.6M, and assets of $1.7M (revenue +671.4% year-over-year).
- 2018: Revenue of $517K, expenses of $239K, and assets of $283K.
Data Sources and Methodology
This transparency report for Choose Love Inc 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.