Love Inc Of Oceana County
EIN: 272466631 · Shelby, MI · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $263K |
| Total Expenses | $219K |
| Net Assets | $232K |
Is Love Inc Of Oceana County 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 Of Oceana County
Love Inc Of Oceana County (EIN: 272466631) is a nonprofit organization based in Shelby, MI, classified under NTEE code P50. The organization reported total revenue of $263K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Of Oceana County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Inc Of Oceana County is a small nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $219K |
| Surplus / Deficit | +$22K |
| Total Assets | $233K |
| Total Liabilities | $700 |
| Net Assets | $232K |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2023, Love Inc Of Oceana County reported a surplus of $22K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Love Inc Of Oceana County's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | -25.7% | +10.6% |
| 2022 | +17.7% | +41.3% | -0.4% |
| 2021 | +3.6% | -11.2% | -7.1% |
| 2020 | +30.5% | +16.6% | +32.1% |
| 2019 | +7.4% | +23.8% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Inc Of Oceana County 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 Of Oceana County 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Love Inc Of Oceana County
Is Love Inc Of Oceana County a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Inc Of Oceana County (EIN: 272466631) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love Inc Of Oceana County spend its money?
Detailed spending breakdown data is not yet available for Love Inc Of Oceana County. Check back for updated IRS 990 analysis.
Are donations to Love Inc Of Oceana County tax-deductible?
Love Inc Of Oceana County is registered as a tax-exempt nonprofit (EIN: 272466631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Inc Of Oceana County located?
Love Inc Of Oceana County is headquartered in Shelby, Michigan and files with the IRS under EIN 272466631. It is classified under NTEE code P50.
How many years of IRS 990 filings does Love Inc Of Oceana County have?
Love Inc Of Oceana County has 11 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 $263K in total revenue.
Filing History
IRS 990 filing history for Love Inc Of Oceana County showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Love Inc Of Oceana County's revenue has grown by 285%, moving from $63K to $241K. Total assets increased by 575.7% over the same period, from $34K to $233K. Total functional expenses rose by 290.3%, from $56K to $219K. In its most recent filing year (2023), Love Inc Of Oceana County reported a surplus of $22K, with revenue exceeding expenses. The organization holds $700 in liabilities against $233K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $232K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $219K | $233K | $700 | — | — |
| 2022 | $317K | $295K | $211K | $0 | — | — |
| 2021 | $270K | $209K | $211K | $0 | — | View 990 |
| 2020 | $260K | $235K | $227K | $39K | — | View 990 |
| 2019 | $200K | $202K | $172K | $11K | — | View 990 |
| 2018 | $186K | $163K | $173K | $10K | — | View 990 |
| 2017 | $136K | $140K | $141K | $0 | — | View 990 |
| 2016 | $142K | $120K | $143K | $0 | — | View 990 |
| 2015 | $114K | $97K | $79K | $8K | — | View 990 |
| 2014 | $87K | $64K | $59K | $4K | — | View 990 |
| 2013 | $63K | $56K | $34K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $219K, and assets of $233K (revenue -24.2% year-over-year).
- 2022: Revenue of $317K, expenses of $295K, and assets of $211K (revenue +17.7% year-over-year).
- 2021: Revenue of $270K, expenses of $209K, and assets of $211K (revenue +3.6% year-over-year).
- 2020: Revenue of $260K, expenses of $235K, and assets of $227K (revenue +30.5% year-over-year).
- 2019: Revenue of $200K, expenses of $202K, and assets of $172K (revenue +7.4% year-over-year).
- 2018: Revenue of $186K, expenses of $163K, and assets of $173K (revenue +36.5% year-over-year).
- 2017: Revenue of $136K, expenses of $140K, and assets of $141K (revenue -3.8% year-over-year).
- 2016: Revenue of $142K, expenses of $120K, and assets of $143K (revenue +24.4% year-over-year).
- 2015: Revenue of $114K, expenses of $97K, and assets of $79K (revenue +30.8% year-over-year).
- 2014: Revenue of $87K, expenses of $64K, and assets of $59K (revenue +39.1% year-over-year).
- 2013: Revenue of $63K, expenses of $56K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Inc Of Oceana County:
Data Sources and Methodology
This transparency report for Love Inc Of Oceana 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.