Love In Action Inc
EIN: 582044306 · Pelham, AL
Is Love In Action 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 In Action Inc
Love In Action Inc (EIN: 582044306) is a nonprofit organization based in Pelham, AL. The organization reported total revenue of $88K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love In Action Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love In Action Inc is a micro nonprofit that has been operating for 33 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $71K |
| Surplus / Deficit | $-9,597 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -15.6% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, Love In Action Inc reported a deficit of $10K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate).
Financial Trends
Over 2 years of filings (2022–2023), Love In Action Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +1.9% | -31.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love In Action 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 In Action 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 deficit of $10K, with expenses exceeding revenue.
Frequently Asked Questions about Love In Action Inc
Is Love In Action Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Love In Action Inc (EIN: 582044306) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love In Action Inc spend its money?
Detailed spending breakdown data is not yet available for Love In Action Inc. Check back for updated IRS 990 analysis.
Are donations to Love In Action Inc tax-deductible?
Love In Action Inc is registered as a tax-exempt nonprofit (EIN: 582044306). 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 Love In Action Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Love In Action Inc's revenue has grown by 2.4%, moving from $60K to $62K. Total assets decreased by 31.5% over the same period, from $31K to $21K. Total functional expenses rose by 1.9%, from $70K to $71K. In its most recent filing year (2023), Love In Action Inc reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $71K | $21K | $0 | — | — |
| 2022 | $60K | $70K | $31K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love In Action Inc:
Data Sources and Methodology
This transparency report for Love In Action 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.