Love Akron
Love Akron shows consistent revenue growth and no reported officer compensation, maintaining near break-even operations.
EIN: 208035010 · Akron, OH · NTEE: X90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $625K |
| Total Expenses | $481K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $483,882 |
| Net Assets | $142K |
| Transparency Score | 85/100 |
Is Love Akron Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Love Akron directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Love Akron
Love Akron (EIN: 208035010) is a nonprofit organization based in Akron, OH, classified under NTEE code X90. The organization reported total revenue of $625K and total assets of $104K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Akron's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Akron is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $484K |
| Total Expenses | $481K |
| Surplus / Deficit | +$3K |
| Total Assets | $164K |
| Total Liabilities | $21K |
| Net Assets | $142K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Love Akron reported a surplus of $3K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love Akron's revenue has grown at a compound annual growth rate (CAGR) of 15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.4% | +27.4% | +18.9% |
| 2022 | -0.2% | +40.6% | -0.2% |
| 2021 | +74.4% | +7.2% | +360.2% |
| 2020 | +93.7% | +13.7% | -52.5% |
| 2019 | -51.3% | +53.3% | -62.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Love Akron with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Love Akron allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
Love Akron consistently reports 0% officer compensation across all 13 available filings, which is highly unusual for an organization with revenues reaching $483,882 in 2023. This suggests either a fully volunteer-led executive team or that compensation is structured in a way that is not reported as officer compensation on the 990, warranting further inquiry for full transparency.
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 Love Akron's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
- Consistent 0% officer compensation for an organization of this size could indicate compensation is reported in other categories, requiring deeper investigation for full transparency.
Strengths
The following positive indicators were identified for Love Akron:
- Consistent revenue growth, particularly from 2020 to 2023, indicating increasing support.
- Positive trend in assets, growing from $29,972 in 2020 to $163,701 in 2023, strengthening financial stability.
- Consistent reporting of 0% officer compensation across all filings, suggesting a strong commitment to directing funds to the mission.
- Expenses closely track revenue in recent years (e.g., $483,882 revenue vs. $480,563 expenses in 2023), indicating sound financial management.
- Long history of IRS 990 filings (13 filings), demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Love Akron
Is Love Akron a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Akron (EIN: 208035010) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Love Akron spend its money?
Love Akron directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Love Akron tax-deductible?
Love Akron is registered as a tax-exempt nonprofit (EIN: 208035010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Love Akron CEO make?
Love Akron's highest-compensated officer earns $483,882 annually. The organization reported $625K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Love Akron's spending goes to programs?
Love Akron directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Love Akron compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Love Akron is above average for NTEE category X90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Love Akron located?
Love Akron is headquartered in Akron, Ohio and files with the IRS under EIN 208035010. It is classified under NTEE code X90.
How many years of IRS 990 filings does Love Akron have?
Love Akron 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 $625K in total revenue.
Is Love Akron a good charity?
Based on the provided data, Love Akron appears to be a financially stable organization with growing revenue and assets. The consistent reporting of 0% officer compensation is a strong positive for donor confidence, suggesting resources are directed towards its mission. However, without a detailed breakdown of program vs. administrative expenses, a full assessment of spending efficiency is limited.
How has Love Akron's financial health changed over time?
Love Akron has shown significant financial growth, particularly from 2020 to 2023. Revenue increased from $214,905 in 2020 to $483,882 in 2023, and assets grew from $29,972 to $163,701 in the same period. This indicates a positive trend in financial health and capacity.
What is Love Akron's approach to executive compensation?
Love Akron consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that executive leadership may be volunteer-based or compensated through non-officer roles, which is a notable aspect of its financial structure.
Filing History
IRS 990 filing history for Love Akron showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Akron's revenue has grown by 480%, moving from $83K to $484K. Total assets increased by 869.7% over the same period, from $17K to $164K. Total functional expenses rose by 492.2%, from $81K to $481K. In its most recent filing year (2023), Love Akron reported a surplus of $3K, with revenue exceeding expenses. The organization holds $21K in liabilities against $164K in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $142K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $484K | $481K | $164K | $21K | — | — |
| 2022 | $374K | $377K | $138K | $17K | — | View 990 |
| 2021 | $375K | $268K | $138K | $14K | — | View 990 |
| 2020 | $215K | $250K | $30K | $12K | — | View 990 |
| 2019 | $111K | $220K | $63K | $10K | — | View 990 |
| 2018 | $228K | $144K | $167K | $5K | — | View 990 |
| 2017 | $164K | $155K | $76K | $-1,867 | — | View 990 |
| 2016 | $138K | $143K | $74K | $4K | — | View 990 |
| 2015 | $131K | $127K | $83K | $8K | — | View 990 |
| 2014 | $155K | $122K | $84K | $15K | — | View 990 |
| 2013 | $154K | $136K | $45K | $11K | — | View 990 |
| 2012 | $163K | $165K | $19K | $3K | — | View 990 |
| 2011 | $83K | $81K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $484K, expenses of $481K, and assets of $164K (revenue +29.4% year-over-year).
- 2022: Revenue of $374K, expenses of $377K, and assets of $138K (revenue -0.2% year-over-year).
- 2021: Revenue of $375K, expenses of $268K, and assets of $138K (revenue +74.4% year-over-year).
- 2020: Revenue of $215K, expenses of $250K, and assets of $30K (revenue +93.7% year-over-year).
- 2019: Revenue of $111K, expenses of $220K, and assets of $63K (revenue -51.3% year-over-year).
- 2018: Revenue of $228K, expenses of $144K, and assets of $167K (revenue +39.3% year-over-year).
- 2017: Revenue of $164K, expenses of $155K, and assets of $76K (revenue +18.2% year-over-year).
- 2016: Revenue of $138K, expenses of $143K, and assets of $74K (revenue +6.0% year-over-year).
- 2015: Revenue of $131K, expenses of $127K, and assets of $83K (revenue -16.0% year-over-year).
- 2014: Revenue of $155K, expenses of $122K, and assets of $84K (revenue +0.6% year-over-year).
- 2013: Revenue of $154K, expenses of $136K, and assets of $45K (revenue -5.5% year-over-year).
- 2012: Revenue of $163K, expenses of $165K, and assets of $19K (revenue +95.8% year-over-year).
- 2011: Revenue of $83K, expenses of $81K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Akron:
Data Sources and Methodology
This transparency report for Love Akron 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.