Love Bldg
EIN: 862120563 · Detroit, MI · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $515K |
| Net Assets | $94K |
Is Love Bldg Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Bldg
Love Bldg (EIN: 862120563) is a nonprofit organization based in Detroit, MI, classified under NTEE code A99. The organization reported total revenue of $1.4M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Bldg's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Bldg is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $268K |
| Total Expenses | $515K |
| Surplus / Deficit | $-246,608 |
| Total Assets | $8.8M |
| Total Liabilities | $8.7M |
| Net Assets | $94K |
| Operating Margin | -91.9% |
| Debt-to-Asset Ratio | 98.9% |
| Months of Reserves | 205.4 months |
Financial Health Grade: C
In 2023, Love Bldg reported a deficit of $247K with expenses exceeding revenue, holds 205.4 months of operating reserves (strong position), has a debt-to-asset ratio of 98.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.2% | -3.0% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Bldg 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 Bldg 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 deficit of $247K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.9%.
Frequently Asked Questions about Love Bldg
Is Love Bldg a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Bldg (EIN: 862120563) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love Bldg spend its money?
Detailed spending breakdown data is not yet available for Love Bldg. Check back for updated IRS 990 analysis.
Are donations to Love Bldg tax-deductible?
Love Bldg is registered as a tax-exempt nonprofit (EIN: 862120563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Bldg located?
Love Bldg is headquartered in Detroit, Michigan and files with the IRS under EIN 862120563. It is classified under NTEE code A99.
How many years of IRS 990 filings does Love Bldg have?
Love Bldg has 3 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Love Bldg showing financial trends over 3 years of public records:
Total assets increased by 8812068% over the same period, from $100 to $8.8M. In its most recent filing year (2023), Love Bldg reported a deficit of $247K, with expenses exceeding revenue. The organization holds $8.7M in liabilities against $8.8M in assets (debt-to-asset ratio: 98.9%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $268K | $515K | $8.8M | $8.7M | — | — |
| 2022 | $872K | $531K | $7.9M | $37K | — | View 990 |
| 2021 | $0 | $0 | $100 | $100 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $268K, expenses of $515K, and assets of $8.8M (revenue -69.2% year-over-year).
- 2022: Revenue of $872K, expenses of $531K, and assets of $7.9M.
- 2021: Revenue of $0, expenses of $0, and assets of $100.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Bldg:
Data Sources and Methodology
This transparency report for Love Bldg 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.