Love Inc Of Greater Sheldon

Is Love Inc Of Greater Sheldon Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Love Inc Of Greater Sheldon directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Love Inc Of Greater Sheldon

Love Inc Of Greater Sheldon (EIN: 10729841) is a nonprofit organization based in Sheldon, IA, classified under NTEE code P50. The organization reported total revenue of $348K and total assets of $529K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Of Greater Sheldon's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Love Inc Of Greater Sheldon with a Mission Score of 85 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: 8%
• programs: 90%
• fundraising: 2%

According to IRS 990 filings, Love Inc Of Greater Sheldon allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong indicator of low administrative overhead.

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.

Red Flags

The following concerns were identified during AI analysis of Love Inc Of Greater Sheldon's IRS 990 filings:

• Expenses exceeded revenue in the latest filing (202312), with $248,568 in expenses against $209,025 in revenue.

Strengths

The following positive indicators were identified for Love Inc Of Greater Sheldon:

• Zero officer compensation reported across all filings, indicating extremely low executive overhead.
• Consistent asset base, generally above $500,000, demonstrating financial stability.
• Low liabilities in recent years (e.g., $2,959 in 202312), indicating good debt management.
• Steady revenue generation over the past decade, supporting ongoing operations.

Frequently Asked Questions about Love Inc Of Greater Sheldon

Filing History

IRS 990 filing history for Love Inc Of Greater Sheldon showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Love Inc Of Greater Sheldon's revenue has grown by 128.2%, moving from $92K to $209K. Total assets decreased by 2.9% over the same period, from $541K to $525K. Total functional expenses rose by 251.5%, from $71K to $249K. In its most recent filing year (2023), Love Inc Of Greater Sheldon reported a deficit of $40K, with expenses exceeding revenue. The organization holds $3K in liabilities against $525K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $522K.

Year-by-Year Financial Summary

• 2023: Revenue of $209K, expenses of $249K, and assets of $525K (revenue +4.8% year-over-year).
• 2022: Revenue of $200K, expenses of $197K, and assets of $566K (revenue -4.7% year-over-year).
• 2021: Revenue of $209K, expenses of $178K, and assets of $562K (revenue -3.1% year-over-year).
• 2020: Revenue of $216K, expenses of $169K, and assets of $530K (revenue +4.3% year-over-year).
• 2019: Revenue of $207K, expenses of $182K, and assets of $603K (revenue +17.9% year-over-year).
• 2018: Revenue of $176K, expenses of $161K, and assets of $578K (revenue +18.8% year-over-year).
• 2017: Revenue of $148K, expenses of $136K, and assets of $561K (revenue +12.7% year-over-year).
• 2016: Revenue of $131K, expenses of $132K, and assets of $549K (revenue +4.6% year-over-year).
• 2015: Revenue of $126K, expenses of $138K, and assets of $550K (revenue +11.7% year-over-year).
• 2014: Revenue of $112K, expenses of $119K, and assets of $561K (revenue -6.0% year-over-year).
• 2013: Revenue of $120K, expenses of $99K, and assets of $567K (revenue +23.3% year-over-year).
• 2012: Revenue of $97K, expenses of $87K, and assets of $547K (revenue +5.8% year-over-year).
• 2011: Revenue of $92K, expenses of $71K, and assets of $541K.

Data Sources and Methodology

This transparency report for Love Inc Of Greater Sheldon 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.