Love Inc Of North Oakland County
Love Inc Of North Oakland County consistently reports zero officer compensation amidst fluctuating revenues and recent operating deficits.
EIN: 205190257 · Oxford, MI · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $242K |
| Program Spending | 85% |
| Net Assets | $67K |
| Transparency Score | 80/100 |
Is Love Inc Of North Oakland County 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 North Oakland County directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Love Inc Of North Oakland County
Love Inc Of North Oakland County (EIN: 205190257) is a nonprofit organization based in Oxford, MI, classified under NTEE code X20. The organization reported total revenue of $197K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Of North Oakland County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Inc Of North Oakland County 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 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $236K |
| Total Expenses | $242K |
| Surplus / Deficit | $-6,030 |
| Total Assets | $68K |
| Total Liabilities | $942 |
| Net Assets | $67K |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2023, Love Inc Of North Oakland County reported a deficit of $6K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love Inc Of North Oakland County's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.4% | +39.6% | -11.9% |
| 2022 | +15.9% | +9.7% | -19.4% |
| 2021 | -40.0% | -19.8% | -0.3% |
| 2020 | +74.3% | +58.0% | +197.7% |
| 2019 | -46.4% | -0.9% | +35.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| 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 North Oakland County with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Love Inc Of North Oakland County allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for donor confidence and efficient resource allocation.
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 North Oakland County's IRS 990 filings:
- Expenses exceeding revenue in the last three consecutive periods (2021-2023), potentially impacting long-term financial health.
- Fluctuating asset base, with a recent decline from $95,527 in 2020 to $67,671 in 2023.
Strengths
The following positive indicators were identified for Love Inc Of North Oakland County:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the leadership level.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Lean operational model with a modest asset base relative to annual expenses.
Frequently Asked Questions about Love Inc Of North Oakland County
Is Love Inc Of North Oakland County a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Inc Of North Oakland County (EIN: 205190257) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Love Inc Of North Oakland County spend its money?
Love Inc Of North Oakland County directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Love Inc Of North Oakland County tax-deductible?
Love Inc Of North Oakland County is registered as a tax-exempt nonprofit (EIN: 205190257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Love Inc Of North Oakland County's spending goes to programs?
Love Inc Of North Oakland County directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Love Inc Of North Oakland County compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Love Inc Of North Oakland 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 North Oakland County located?
Love Inc Of North Oakland County is headquartered in Oxford, Michigan and files with the IRS under EIN 205190257. It is classified under NTEE code X20.
How many years of IRS 990 filings does Love Inc Of North Oakland County have?
Love Inc Of North Oakland 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 $197K in total revenue.
Is Love Inc Of North Oakland County financially stable given recent operating deficits?
The organization has experienced expenses exceeding revenue in the last three reported periods (2021-2023), leading to a decrease in assets from $95,527 in 2020 to $67,671 in 2023. This trend suggests a need to monitor financial stability, although the asset base remains positive.
How does the 0% officer compensation impact the organization's operations?
The consistent 0% officer compensation indicates that leadership roles are likely filled by volunteers or compensated through other means not reported as officer compensation, which allows a greater proportion of funds to be directed towards programs and operational costs.
What caused the significant increase in revenue in 2018 and 2023?
Revenue saw a notable increase to $237,924 in 2018 and $235,763 in 2023. Without further detail from the 990 filings, it's unclear if these spikes were due to specific grants, fundraising campaigns, or other one-time contributions.
Filing History
IRS 990 filing history for Love Inc Of North Oakland County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Inc Of North Oakland County's revenue has grown by 229.9%, moving from $71K to $236K. Total assets increased by 129.3% over the same period, from $30K to $68K. Total functional expenses rose by 256%, from $68K to $242K. In its most recent filing year (2023), Love Inc Of North Oakland County reported a deficit of $6K, with expenses exceeding revenue. The organization holds $942 in liabilities against $68K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $236K | $242K | $68K | $942 | — | — |
| 2022 | $155K | $173K | $77K | $0 | — | View 990 |
| 2021 | $134K | $158K | $95K | $0 | — | View 990 |
| 2020 | $222K | $197K | $96K | $14K | — | View 990 |
| 2019 | $128K | $124K | $32K | $410 | — | View 990 |
| 2018 | $238K | $126K | $24K | $2K | — | View 990 |
| 2017 | $121K | $122K | $32K | $3K | — | View 990 |
| 2016 | $96K | $106K | $31K | $472 | — | View 990 |
| 2015 | $114K | $93K | $42K | $1K | — | View 990 |
| 2014 | $96K | $99K | $22K | $3K | — | View 990 |
| 2013 | $92K | $96K | $27K | $4K | — | View 990 |
| 2012 | $87K | $84K | $33K | $7K | — | View 990 |
| 2011 | $71K | $68K | $30K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $236K, expenses of $242K, and assets of $68K (revenue +52.4% year-over-year).
- 2022: Revenue of $155K, expenses of $173K, and assets of $77K (revenue +15.9% year-over-year).
- 2021: Revenue of $134K, expenses of $158K, and assets of $95K (revenue -40.0% year-over-year).
- 2020: Revenue of $222K, expenses of $197K, and assets of $96K (revenue +74.3% year-over-year).
- 2019: Revenue of $128K, expenses of $124K, and assets of $32K (revenue -46.4% year-over-year).
- 2018: Revenue of $238K, expenses of $126K, and assets of $24K (revenue +96.1% year-over-year).
- 2017: Revenue of $121K, expenses of $122K, and assets of $32K (revenue +25.9% year-over-year).
- 2016: Revenue of $96K, expenses of $106K, and assets of $31K (revenue -15.2% year-over-year).
- 2015: Revenue of $114K, expenses of $93K, and assets of $42K (revenue +17.8% year-over-year).
- 2014: Revenue of $96K, expenses of $99K, and assets of $22K (revenue +5.1% year-over-year).
- 2013: Revenue of $92K, expenses of $96K, and assets of $27K (revenue +5.6% year-over-year).
- 2012: Revenue of $87K, expenses of $84K, and assets of $33K (revenue +21.6% year-over-year).
- 2011: Revenue of $71K, expenses of $68K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Inc Of North Oakland County:
Data Sources and Methodology
This transparency report for Love Inc Of North Oakland 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.