Homes Of Love Inc
EIN: 621852652 · Knoxville, TN · NTEE: L99
| Metric | Value |
|---|---|
| Total Revenue | $633K |
| Total Expenses | $725K |
| Net Assets | $434K |
Is Homes Of Love Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homes Of Love Inc
Homes Of Love Inc (EIN: 621852652) is a nonprofit organization based in Knoxville, TN, classified under NTEE code L99. The organization reported total revenue of $633K and total assets of $358K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes Of Love Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homes Of Love Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $749K |
| Total Expenses | $725K |
| Surplus / Deficit | +$23K |
| Total Assets | $549K |
| Total Liabilities | $115K |
| Net Assets | $434K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 20.9% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Homes Of Love Inc reported a surplus of $23K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 20.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homes Of Love Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +4.4% | -1.2% |
| 2022 | +1.6% | +18.7% | +27.1% |
| 2021 | +13.4% | +11.9% | +28.2% |
| 2020 | +2.1% | -6.7% | +25.1% |
| 2019 | +10.2% | +8.4% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homes Of 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 Homes Of 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.9%.
Frequently Asked Questions about Homes Of Love Inc
Is Homes Of Love Inc a legitimate charity?
Homes Of Love Inc (EIN: 621852652) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $633K. No red flags identified. Financial health grade: A.
How does Homes Of Love Inc spend its money?
Homes Of Love Inc reported $633K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Homes Of Love Inc tax-deductible?
Homes Of Love Inc is registered as a tax-exempt nonprofit (EIN: 621852652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homes Of Love Inc located?
Homes Of Love Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 621852652. It is classified under NTEE code L99.
How many years of IRS 990 filings does Homes Of Love Inc have?
Homes Of Love Inc has 13 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 $633K in total revenue.
Filing History
IRS 990 filing history for Homes Of Love Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homes Of Love Inc's revenue has grown by 170.8%, moving from $276K to $749K. Total assets increased by 148% over the same period, from $221K to $549K. Total functional expenses rose by 200.4%, from $241K to $725K. In its most recent filing year (2023), Homes Of Love Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $115K in liabilities against $549K in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $434K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $749K | $725K | $549K | $115K | — | — |
| 2022 | $681K | $695K | $556K | $145K | — | View 990 |
| 2021 | $670K | $585K | $437K | $13K | — | View 990 |
| 2020 | $591K | $523K | $341K | $2K | — | View 990 |
| 2019 | $579K | $561K | $273K | $1K | — | View 990 |
| 2018 | $525K | $517K | $254K | $1K | — | View 990 |
| 2017 | $499K | $455K | $247K | $2K | — | View 990 |
| 2016 | $438K | $428K | $203K | $2K | — | View 990 |
| 2015 | $403K | $424K | $193K | $2K | — | View 990 |
| 2014 | $426K | $409K | $215K | $4K | — | View 990 |
| 2013 | $301K | $311K | $198K | $4K | — | View 990 |
| 2012 | $270K | $284K | $205K | $1K | — | View 990 |
| 2011 | $276K | $241K | $221K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $749K, expenses of $725K, and assets of $549K (revenue +9.9% year-over-year).
- 2022: Revenue of $681K, expenses of $695K, and assets of $556K (revenue +1.6% year-over-year).
- 2021: Revenue of $670K, expenses of $585K, and assets of $437K (revenue +13.4% year-over-year).
- 2020: Revenue of $591K, expenses of $523K, and assets of $341K (revenue +2.1% year-over-year).
- 2019: Revenue of $579K, expenses of $561K, and assets of $273K (revenue +10.2% year-over-year).
- 2018: Revenue of $525K, expenses of $517K, and assets of $254K (revenue +5.2% year-over-year).
- 2017: Revenue of $499K, expenses of $455K, and assets of $247K (revenue +13.9% year-over-year).
- 2016: Revenue of $438K, expenses of $428K, and assets of $203K (revenue +8.9% year-over-year).
- 2015: Revenue of $403K, expenses of $424K, and assets of $193K (revenue -5.6% year-over-year).
- 2014: Revenue of $426K, expenses of $409K, and assets of $215K (revenue +41.5% year-over-year).
- 2013: Revenue of $301K, expenses of $311K, and assets of $198K (revenue +11.8% year-over-year).
- 2012: Revenue of $270K, expenses of $284K, and assets of $205K (revenue -2.5% year-over-year).
- 2011: Revenue of $276K, expenses of $241K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homes Of Love Inc:
Data Sources and Methodology
This transparency report for Homes Of 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.