Love In Deed Community Development Corporation
EIN: 462576164 · Wilmington, DE · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $153K |
| Net Assets | $473K |
Is Love In Deed Community Development Corporation 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 Deed Community Development Corporation
Love In Deed Community Development Corporation (EIN: 462576164) is a nonprofit organization based in Wilmington, DE, classified under NTEE code S20. The organization reported total revenue of $61K and total assets of $701K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love In Deed Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love In Deed Community Development Corporation is a micro nonprofit that has been operating for 11 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 170.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $610K |
| Total Expenses | $153K |
| Surplus / Deficit | +$457K |
| Total Assets | $522K |
| Total Liabilities | $49K |
| Net Assets | $473K |
| Operating Margin | 74.9% |
| Debt-to-Asset Ratio | 9.4% |
| Months of Reserves | 40.9 months |
Financial Health Grade: A
In 2023, Love In Deed Community Development Corporation reported a surplus of $457K with revenue exceeding expenses, holds 40.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.4% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Love In Deed Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 170.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +170.4% | -36.1% | +136.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love In Deed Community Development Corporation 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 Deed Community Development Corporation 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 $457K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.4%.
Frequently Asked Questions about Love In Deed Community Development Corporation
Is Love In Deed Community Development Corporation a legitimate charity?
Love In Deed Community Development Corporation (EIN: 462576164) is a registered tax-exempt nonprofit based in Delaware. It has 2 years of IRS 990 filings on record. Total revenue: $61K. No red flags identified. Financial health grade: A.
How does Love In Deed Community Development Corporation spend its money?
Love In Deed Community Development Corporation reported $61K 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 In Deed Community Development Corporation tax-deductible?
Love In Deed Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 462576164). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love In Deed Community Development Corporation located?
Love In Deed Community Development Corporation is headquartered in Wilmington, Delaware and files with the IRS under EIN 462576164. It is classified under NTEE code S20.
How many years of IRS 990 filings does Love In Deed Community Development Corporation have?
Love In Deed Community Development Corporation 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 $61K in total revenue.
Filing History
IRS 990 filing history for Love In Deed Community Development Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Love In Deed Community Development Corporation's revenue has grown by 170.4%, moving from $226K to $610K. Total assets increased by 136.1% over the same period, from $221K to $522K. Total functional expenses fell by 36.1%, from $240K to $153K. In its most recent filing year (2023), Love In Deed Community Development Corporation reported a surplus of $457K, with revenue exceeding expenses. The organization holds $49K in liabilities against $522K in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $473K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $610K | $153K | $522K | $49K | — | — |
| 2022 | $226K | $240K | $221K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love In Deed Community Development Corporation:
Data Sources and Methodology
This transparency report for Love In Deed Community Development Corporation 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.