Love Baltimore Inc
EIN: 263461000 · Baltimore, MD · NTEE: Q30
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $55K |
| Net Assets | $67K |
Is Love Baltimore Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Baltimore Inc
Love Baltimore Inc (EIN: 263461000) is a nonprofit organization based in Baltimore, MD, classified under NTEE code Q30. The organization reported total revenue of $138K and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Baltimore Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Baltimore Inc is a small nonprofit that has been operating for 16 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -28.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $55K |
| Surplus / Deficit | +$4K |
| Total Assets | $71K |
| Total Liabilities | $4K |
| Net Assets | $67K |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Love Baltimore Inc reported a surplus of $4K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Love Baltimore Inc's revenue has declined at a compound annual growth rate (CAGR) of -28.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.4% | -33.5% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Baltimore 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 Love Baltimore 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.2%.
Frequently Asked Questions about Love Baltimore Inc
Is Love Baltimore Inc a legitimate charity?
Love Baltimore Inc (EIN: 263461000) is a registered tax-exempt nonprofit based in Maryland. It has 2 years of IRS 990 filings on record. Total revenue: $138K. No red flags identified. Financial health grade: A.
How does Love Baltimore Inc spend its money?
Love Baltimore Inc reported $138K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Love Baltimore Inc tax-deductible?
Love Baltimore Inc is registered as a tax-exempt nonprofit (EIN: 263461000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Baltimore Inc located?
Love Baltimore Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 263461000. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Love Baltimore Inc have?
Love Baltimore Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $138K in total revenue.
Filing History
IRS 990 filing history for Love Baltimore Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Love Baltimore Inc's revenue has declined by 28.4%, moving from $82K to $59K. Total assets increased by 9% over the same period, from $65K to $71K. Total functional expenses fell by 33.5%, from $82K to $55K. In its most recent filing year (2023), Love Baltimore Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $4K in liabilities against $71K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $55K | $71K | $4K | — | — |
| 2022 | $82K | $82K | $65K | $2K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Baltimore Inc:
Data Sources and Methodology
This transparency report for Love Baltimore 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.