Love Inc Heartland
EIN: 731713948 · Delano, MN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $595K |
| Total Expenses | $395K |
| Net Assets | $441K |
Is Love Inc Heartland Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Inc Heartland
Love Inc Heartland (EIN: 731713948) is a nonprofit organization based in Delano, MN, classified under NTEE code P20. The organization reported total revenue of $595K and total assets of $536K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Heartland's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Inc Heartland is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $428K |
| Total Expenses | $395K |
| Surplus / Deficit | +$33K |
| Total Assets | $454K |
| Total Liabilities | $14K |
| Net Assets | $441K |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 13.8 months |
Financial Health Grade: A
In 2023, Love Inc Heartland reported a surplus of $33K with revenue exceeding expenses, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love Inc Heartland's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | -2.0% | +3.0% |
| 2022 | +15.8% | +38.5% | -5.5% |
| 2021 | -2.2% | -2.3% | +6.1% |
| 2020 | +13.5% | +7.7% | +11.6% |
| 2019 | +2.6% | -0.9% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Inc Heartland 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 Inc Heartland 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 $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Love Inc Heartland
Is Love Inc Heartland a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Inc Heartland (EIN: 731713948) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love Inc Heartland spend its money?
Detailed spending breakdown data is not yet available for Love Inc Heartland. Check back for updated IRS 990 analysis.
Are donations to Love Inc Heartland tax-deductible?
Love Inc Heartland is registered as a tax-exempt nonprofit (EIN: 731713948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Inc Heartland located?
Love Inc Heartland is headquartered in Delano, Minnesota and files with the IRS under EIN 731713948. It is classified under NTEE code P20.
How many years of IRS 990 filings does Love Inc Heartland have?
Love Inc Heartland 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 $595K in total revenue.
Filing History
IRS 990 filing history for Love Inc Heartland showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Inc Heartland's revenue has grown by 179.8%, moving from $153K to $428K. Total assets increased by 2258.9% over the same period, from $19K to $454K. Total functional expenses rose by 150.1%, from $158K to $395K. In its most recent filing year (2023), Love Inc Heartland reported a surplus of $33K, with revenue exceeding expenses. The organization holds $14K in liabilities against $454K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $441K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $428K | $395K | $454K | $14K | — | — |
| 2022 | $369K | $403K | $441K | $34K | — | — |
| 2021 | $319K | $291K | $467K | $26K | — | View 990 |
| 2020 | $326K | $298K | $440K | $26K | — | — |
| 2019 | $287K | $277K | $394K | $8K | — | View 990 |
| 2018 | $280K | $279K | $392K | $16K | — | View 990 |
| 2017 | $268K | $297K | $391K | $16K | — | View 990 |
| 2016 | $274K | $277K | $415K | $11K | — | View 990 |
| 2015 | $596K | $216K | $426K | $18K | — | View 990 |
| 2014 | $177K | $188K | $45K | $16K | — | View 990 |
| 2013 | $202K | $181K | $53K | $13K | — | View 990 |
| 2012 | $194K | $194K | $25K | $6K | — | View 990 |
| 2011 | $153K | $158K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $428K, expenses of $395K, and assets of $454K (revenue +16.1% year-over-year).
- 2022: Revenue of $369K, expenses of $403K, and assets of $441K (revenue +15.8% year-over-year).
- 2021: Revenue of $319K, expenses of $291K, and assets of $467K (revenue -2.2% year-over-year).
- 2020: Revenue of $326K, expenses of $298K, and assets of $440K (revenue +13.5% year-over-year).
- 2019: Revenue of $287K, expenses of $277K, and assets of $394K (revenue +2.6% year-over-year).
- 2018: Revenue of $280K, expenses of $279K, and assets of $392K (revenue +4.3% year-over-year).
- 2017: Revenue of $268K, expenses of $297K, and assets of $391K (revenue -2.0% year-over-year).
- 2016: Revenue of $274K, expenses of $277K, and assets of $415K (revenue -54.1% year-over-year).
- 2015: Revenue of $596K, expenses of $216K, and assets of $426K (revenue +237.3% year-over-year).
- 2014: Revenue of $177K, expenses of $188K, and assets of $45K (revenue -12.5% year-over-year).
- 2013: Revenue of $202K, expenses of $181K, and assets of $53K (revenue +4.2% year-over-year).
- 2012: Revenue of $194K, expenses of $194K, and assets of $25K (revenue +26.6% year-over-year).
- 2011: Revenue of $153K, expenses of $158K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Inc Heartland:
Data Sources and Methodology
This transparency report for Love Inc Heartland 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.