Love Inc Of Greater Hancock County
Love Inc Of Greater Hancock County shows consistent growth and strong program spending with no reported officer compensation.
EIN: 200503268 · Greenfield, IN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $259K |
| Total Expenses | $172K |
| Program Spending | 90% |
| Net Assets | $380K |
| Transparency Score | 92/100 |
Is Love Inc Of Greater Hancock County 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 Greater Hancock County directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Love Inc Of Greater Hancock County
Love Inc Of Greater Hancock County (EIN: 200503268) is a nonprofit organization based in Greenfield, IN, classified under NTEE code X20. The organization reported total revenue of $259K and total assets of $448K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Of Greater Hancock County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Inc Of Greater Hancock County is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $172K |
| Surplus / Deficit | +$75K |
| Total Assets | $414K |
| Total Liabilities | $34K |
| Net Assets | $380K |
| Operating Margin | 30.3% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 28.9 months |
Financial Health Grade: A
In 2023, Love Inc Of Greater Hancock County reported a surplus of $75K with revenue exceeding expenses, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love Inc Of Greater Hancock County's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.1% | -5.8% | +24.7% |
| 2022 | +0.2% | +9.3% | +4.0% |
| 2021 | +10.2% | +8.6% | +3.3% |
| 2020 | -15.6% | +0.8% | +3.1% |
| 2019 | -9.9% | +3.5% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2004 |
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 Greater Hancock County 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 Greater Hancock County 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 surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size and contributes significantly to its efficiency.
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 Greater Hancock County:
- Strong program spending ratio (estimated 90% of expenses)
- Consistent revenue growth over the past decade (from $73,610 in 2014 to $246,867 in 2023)
- Significant asset growth and healthy asset-to-liability ratio ($413,889 assets vs. $34,036 liabilities in 2023)
- No reported officer compensation, indicating high efficiency and dedication of resources to mission
- Positive net income in most recent years, contributing to financial stability
Frequently Asked Questions about Love Inc Of Greater Hancock County
Is Love Inc Of Greater Hancock County a legitimate charity?
Love Inc Of Greater Hancock County (EIN: 200503268) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $259K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Love Inc Of Greater Hancock County spend its money?
Love Inc Of Greater Hancock County directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Love Inc Of Greater Hancock County tax-deductible?
Love Inc Of Greater Hancock County is registered as a tax-exempt nonprofit (EIN: 200503268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Love Inc Of Greater Hancock County's spending goes to programs?
Love Inc Of Greater Hancock County directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Love Inc Of Greater Hancock County compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Love Inc Of Greater Hancock County is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Love Inc Of Greater Hancock County located?
Love Inc Of Greater Hancock County is headquartered in Greenfield, Indiana and files with the IRS under EIN 200503268. It is classified under NTEE code X20.
How many years of IRS 990 filings does Love Inc Of Greater Hancock County have?
Love Inc Of Greater Hancock County 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 $259K in total revenue.
Is Love Inc Of Greater Hancock County a good charity?
Based on its financial data, Love Inc Of Greater Hancock County appears to be a very good charity. It demonstrates strong program spending, consistent financial growth, and no reported officer compensation, indicating efficient use of donor funds.
How has the organization's revenue grown over time?
The organization has shown significant revenue growth, increasing from $73,610 in 2014 to $246,867 in 2023, representing over a 230% increase in a decade.
What is the trend in the organization's assets?
Assets have consistently grown, from $45,556 in 2014 to $413,889 in 2023, indicating strong financial management and accumulation of resources to support its mission.
Does the organization have high administrative costs?
No, the organization appears to have very low administrative costs, especially given the 0% reported officer compensation and a high percentage of expenses dedicated to programs.
Filing History
IRS 990 filing history for Love Inc Of Greater Hancock County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Inc Of Greater Hancock County's revenue has grown by 247.2%, moving from $71K to $247K. Total assets increased by 859.3% over the same period, from $43K to $414K. Total functional expenses rose by 129%, from $75K to $172K. In its most recent filing year (2023), Love Inc Of Greater Hancock County reported a surplus of $75K, with revenue exceeding expenses. The organization holds $34K in liabilities against $414K in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $380K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $172K | $414K | $34K | — | — |
| 2022 | $180K | $183K | $332K | $40K | — | View 990 |
| 2021 | $180K | $167K | $319K | $47K | — | View 990 |
| 2020 | $163K | $154K | $309K | $59K | — | — |
| 2019 | $193K | $153K | $300K | $68K | — | View 990 |
| 2018 | $215K | $147K | $264K | $78K | — | View 990 |
| 2017 | $168K | $140K | $91K | $7K | — | — |
| 2016 | $123K | $116K | $59K | $4K | — | View 990 |
| 2015 | $98K | $93K | $52K | $4K | — | View 990 |
| 2014 | $74K | $82K | $46K | $2K | — | View 990 |
| 2013 | $78K | $73K | $48K | $1K | — | View 990 |
| 2012 | $79K | $80K | $43K | $1K | — | View 990 |
| 2011 | $71K | $75K | $43K | $214 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $172K, and assets of $414K (revenue +37.1% year-over-year).
- 2022: Revenue of $180K, expenses of $183K, and assets of $332K (revenue +0.2% year-over-year).
- 2021: Revenue of $180K, expenses of $167K, and assets of $319K (revenue +10.2% year-over-year).
- 2020: Revenue of $163K, expenses of $154K, and assets of $309K (revenue -15.6% year-over-year).
- 2019: Revenue of $193K, expenses of $153K, and assets of $300K (revenue -9.9% year-over-year).
- 2018: Revenue of $215K, expenses of $147K, and assets of $264K (revenue +27.7% year-over-year).
- 2017: Revenue of $168K, expenses of $140K, and assets of $91K (revenue +36.5% year-over-year).
- 2016: Revenue of $123K, expenses of $116K, and assets of $59K (revenue +26.1% year-over-year).
- 2015: Revenue of $98K, expenses of $93K, and assets of $52K (revenue +32.6% year-over-year).
- 2014: Revenue of $74K, expenses of $82K, and assets of $46K (revenue -5.6% year-over-year).
- 2013: Revenue of $78K, expenses of $73K, and assets of $48K (revenue -1.7% year-over-year).
- 2012: Revenue of $79K, expenses of $80K, and assets of $43K (revenue +11.6% year-over-year).
- 2011: Revenue of $71K, expenses of $75K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Inc Of Greater Hancock County:
Data Sources and Methodology
This transparency report for Love Inc Of Greater Hancock County 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.