I Love My Island Inc
EIN: 465191767 · Merritt Is, FL · NTEE: P20
Is I Love My Island Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About I Love My Island Inc
I Love My Island Inc (EIN: 465191767) is a nonprofit organization based in Merritt Is, FL, classified under NTEE code P20. The organization reported total revenue of $783K and total assets of $196K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I Love My Island Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for I Love My Island 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 I Love My Island 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.
Frequently Asked Questions about I Love My Island Inc
Is I Love My Island Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, I Love My Island Inc (EIN: 465191767) insufficient data. 0 red flags identified, 0 strengths noted.
How does I Love My Island Inc spend its money?
Detailed spending breakdown data is not yet available for I Love My Island Inc. Check back for updated IRS 990 analysis.
Are donations to I Love My Island Inc tax-deductible?
I Love My Island Inc is registered as a tax-exempt nonprofit (EIN: 465191767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for I Love My Island Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), I Love My Island Inc's revenue has grown by 204.5%, moving from $222K to $677K. Total assets increased by 557.9% over the same period, from $27K to $176K. Total functional expenses rose by 170.9%, from $257K to $695K. In its most recent filing year (2023), I Love My Island Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $104K in liabilities against $176K in assets (debt-to-asset ratio: 59.1%), resulting in net assets of $72K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $677K | $695K | $176K | $104K | — | — |
| 2022 | $584K | $585K | $193K | $103K | — | — |
| 2021 | $545K | $556K | $178K | $103K | — | View 990 |
| 2020 | $501K | $444K | $189K | $103K | — | — |
| 2019 | $439K | $411K | $59K | $39K | — | View 990 |
| 2018 | $401K | $386K | $42K | $28K | — | View 990 |
| 2017 | $349K | $332K | $46K | $47K | — | View 990 |
| 2016 | $270K | $264K | $23K | $42K | — | View 990 |
| 2015 | $319K | $309K | $24K | $49K | — | View 990 |
| 2014 | $222K | $257K | $27K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $677K, expenses of $695K, and assets of $176K (revenue +15.9% year-over-year).
- 2022: Revenue of $584K, expenses of $585K, and assets of $193K (revenue +7.2% year-over-year).
- 2021: Revenue of $545K, expenses of $556K, and assets of $178K (revenue +8.8% year-over-year).
- 2020: Revenue of $501K, expenses of $444K, and assets of $189K (revenue +14.1% year-over-year).
- 2019: Revenue of $439K, expenses of $411K, and assets of $59K (revenue +9.4% year-over-year).
- 2018: Revenue of $401K, expenses of $386K, and assets of $42K (revenue +15.1% year-over-year).
- 2017: Revenue of $349K, expenses of $332K, and assets of $46K (revenue +29.0% year-over-year).
- 2016: Revenue of $270K, expenses of $264K, and assets of $23K (revenue -15.2% year-over-year).
- 2015: Revenue of $319K, expenses of $309K, and assets of $24K (revenue +43.4% year-over-year).
- 2014: Revenue of $222K, expenses of $257K, and assets of $27K.
Data Sources and Methodology
This transparency report for I Love My Island 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.