Love Inc Of Douglas County Lakesarea
Love Inc Of Douglas County Lakesarea maintains stable finances with growing assets and no reported officer compensation.
EIN: 208963495 · Alexandria, MN · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $245K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $435K |
| Transparency Score | 92/100 |
Is Love Inc Of Douglas County Lakesarea Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Love Inc Of Douglas County Lakesarea directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Love Inc Of Douglas County Lakesarea
Love Inc Of Douglas County Lakesarea (EIN: 208963495) is a nonprofit organization based in Alexandria, MN, classified under NTEE code P60. The organization reported total revenue of $219K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Of Douglas County Lakesarea's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Inc Of Douglas County Lakesarea is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $245K |
| Surplus / Deficit | $-10,583 |
| Total Assets | $441K |
| Total Liabilities | $6K |
| Net Assets | $435K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 21.6 months |
Financial Health Grade: B
In 2023, Love Inc Of Douglas County Lakesarea reported a deficit of $11K with expenses exceeding revenue, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love Inc Of Douglas County Lakesarea's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | -0.3% | -1.9% |
| 2022 | -3.7% | +21.3% | -3.0% |
| 2021 | -10.6% | +3.3% | +8.1% |
| 2020 | +20.2% | -7.1% | +19.8% |
| 2019 | +26.2% | +16.4% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Love Inc Of Douglas County Lakesarea with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Love Inc Of Douglas County Lakesarea allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated through non-officer categories, which is highly efficient for an organization of its size with revenues in the low $200,000s.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Love Inc Of Douglas County Lakesarea:
- Consistent financial stability with growing assets (from $348,530 in 2014 to $440,521 in 2023).
- Very low liabilities (e.g., $5,564 in 2023) indicating minimal debt.
- 0% reported officer compensation across all filings, suggesting high operational efficiency.
- Strong transparency with 13 consistent IRS 990 filings.
- Consistent revenue generation in the low to mid-$200,000s, demonstrating stable support.
Frequently Asked Questions about Love Inc Of Douglas County Lakesarea
Is Love Inc Of Douglas County Lakesarea a legitimate charity?
Love Inc Of Douglas County Lakesarea (EIN: 208963495) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $219K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Love Inc Of Douglas County Lakesarea spend its money?
Love Inc Of Douglas County Lakesarea directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Love Inc Of Douglas County Lakesarea tax-deductible?
Love Inc Of Douglas County Lakesarea is registered as a tax-exempt nonprofit (EIN: 208963495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Love Inc Of Douglas County Lakesarea CEO make?
Love Inc Of Douglas County Lakesarea's highest-compensated officer earns $200,000 annually. The organization reported $219K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Love Inc Of Douglas County Lakesarea's spending goes to programs?
Love Inc Of Douglas County Lakesarea directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Love Inc Of Douglas County Lakesarea compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Love Inc Of Douglas County Lakesarea is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Love Inc Of Douglas County Lakesarea located?
Love Inc Of Douglas County Lakesarea is headquartered in Alexandria, Minnesota and files with the IRS under EIN 208963495. It is classified under NTEE code P60.
How many years of IRS 990 filings does Love Inc Of Douglas County Lakesarea have?
Love Inc Of Douglas County Lakesarea 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 $219K in total revenue.
Is Love Inc Of Douglas County Lakesarea a good charity?
Based on the provided financial data, Love Inc Of Douglas County Lakesarea appears to be a good charity. It demonstrates strong financial stability with growing assets ($440,521 in 2023), very low liabilities ($5,564 in 2023), and a consistent history of IRS 990 filings. The reported 0% officer compensation is a significant positive indicator of efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved over time. Assets have steadily grown from $348,530 in 2014 to $440,521 in 2023. While revenues and expenses fluctuate year-to-year, they have remained relatively stable, indicating consistent operations. Liabilities have consistently stayed very low, demonstrating strong financial management.
What is the organization's approach to executive compensation?
Love Inc Of Douglas County Lakesarea reports 0% officer compensation in all available filings. This suggests a highly efficient model where executive leadership is either volunteer-based or compensated through means not classified as officer compensation, allowing more resources to be directed towards programs.
Filing History
IRS 990 filing history for Love Inc Of Douglas County Lakesarea showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Inc Of Douglas County Lakesarea's revenue has grown by 194.9%, moving from $79K to $234K. Total assets increased by 644.9% over the same period, from $59K to $441K. Total functional expenses rose by 156.6%, from $95K to $245K. In its most recent filing year (2023), Love Inc Of Douglas County Lakesarea reported a deficit of $11K, with expenses exceeding revenue. The organization holds $6K in liabilities against $441K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $435K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $245K | $441K | $6K | — | — |
| 2022 | $230K | $245K | $449K | $4K | — | View 990 |
| 2021 | $238K | $202K | $463K | $2K | — | — |
| 2020 | $267K | $196K | $428K | $2K | — | View 990 |
| 2019 | $222K | $211K | $358K | $2K | — | View 990 |
| 2018 | $176K | $181K | $348K | $2K | — | View 990 |
| 2017 | $156K | $178K | $353K | $2K | — | View 990 |
| 2016 | $168K | $144K | $375K | $2K | — | View 990 |
| 2015 | $163K | $161K | $351K | $2K | — | View 990 |
| 2014 | $165K | $160K | $349K | $2K | — | View 990 |
| 2013 | $410K | $145K | $343K | $2K | — | View 990 |
| 2012 | $140K | $123K | $76K | $0 | — | View 990 |
| 2011 | $79K | $95K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $245K, and assets of $441K (revenue +2.1% year-over-year).
- 2022: Revenue of $230K, expenses of $245K, and assets of $449K (revenue -3.7% year-over-year).
- 2021: Revenue of $238K, expenses of $202K, and assets of $463K (revenue -10.6% year-over-year).
- 2020: Revenue of $267K, expenses of $196K, and assets of $428K (revenue +20.2% year-over-year).
- 2019: Revenue of $222K, expenses of $211K, and assets of $358K (revenue +26.2% year-over-year).
- 2018: Revenue of $176K, expenses of $181K, and assets of $348K (revenue +13.0% year-over-year).
- 2017: Revenue of $156K, expenses of $178K, and assets of $353K (revenue -7.7% year-over-year).
- 2016: Revenue of $168K, expenses of $144K, and assets of $375K (revenue +3.5% year-over-year).
- 2015: Revenue of $163K, expenses of $161K, and assets of $351K (revenue -1.5% year-over-year).
- 2014: Revenue of $165K, expenses of $160K, and assets of $349K (revenue -59.7% year-over-year).
- 2013: Revenue of $410K, expenses of $145K, and assets of $343K (revenue +193.7% year-over-year).
- 2012: Revenue of $140K, expenses of $123K, and assets of $76K (revenue +75.9% year-over-year).
- 2011: Revenue of $79K, expenses of $95K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Inc Of Douglas County Lakesarea:
Data Sources and Methodology
This transparency report for Love Inc Of Douglas County Lakesarea 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.