Love Inc Of The Heart Of Florida
Love Inc Of The Heart Of Florida shows consistent revenue growth and operational surpluses with no reported officer compensation.
EIN: 134315485 · Summerfield, FL · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $883K |
| Total Expenses | $772K |
| Program Spending | 85% |
| Net Assets | $948K |
| Transparency Score | 90/100 |
Is Love Inc Of The Heart Of Florida 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 The Heart Of Florida directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Love Inc Of The Heart Of Florida
Love Inc Of The Heart Of Florida (EIN: 134315485) is a nonprofit organization based in Summerfield, FL, classified under NTEE code E32. The organization reported total revenue of $883K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Inc Of The Heart Of Florida's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Inc Of The Heart Of Florida 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 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $821K |
| Total Expenses | $772K |
| Surplus / Deficit | +$49K |
| Total Assets | $1.5M |
| Total Liabilities | $536K |
| Net Assets | $948K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 36.1% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Love Inc Of The Heart Of Florida reported a surplus of $49K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 36.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love Inc Of The Heart Of Florida's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +8.1% | +-0.0% |
| 2022 | +6.5% | +27.9% | -12.9% |
| 2021 | +46.7% | +15.4% | +4.5% |
| 2020 | +1.0% | +6.0% | -2.2% |
| 2019 | +1.3% | +11.6% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 The Heart Of Florida with a Mission Score of 90 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 The Heart Of Florida 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 surplus of $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated at levels not requiring disclosure as officer compensation, which is highly favorable for directing funds to programs.
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 The Heart Of Florida:
- Consistent revenue growth, from $359,919 in 2014 to $821,300 in 2023.
- Maintained operational surpluses, such as $48,889 in 2023, indicating sound financial management.
- No reported officer compensation across all filings, suggesting high efficiency in leadership costs.
- Significant asset growth from $187,986 in 2014 to $1,483,565 in 2023, enhancing long-term stability.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Love Inc Of The Heart Of Florida
Is Love Inc Of The Heart Of Florida a legitimate charity?
Love Inc Of The Heart Of Florida (EIN: 134315485) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $883K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Love Inc Of The Heart Of Florida spend its money?
Love Inc Of The Heart Of Florida directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Love Inc Of The Heart Of Florida tax-deductible?
Love Inc Of The Heart Of Florida is registered as a tax-exempt nonprofit (EIN: 134315485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Love Inc Of The Heart Of Florida's spending goes to programs?
Love Inc Of The Heart Of Florida directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Love Inc Of The Heart Of Florida compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Love Inc Of The Heart Of Florida is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Love Inc Of The Heart Of Florida located?
Love Inc Of The Heart Of Florida is headquartered in Summerfield, Florida and files with the IRS under EIN 134315485. It is classified under NTEE code E32.
How many years of IRS 990 filings does Love Inc Of The Heart Of Florida have?
Love Inc Of The Heart Of Florida 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 $883K in total revenue.
Is Love Inc Of The Heart Of Florida financially stable?
Yes, the organization has shown consistent revenue growth from $359,919 in 2014 to $821,300 in 2023, and has maintained operational surpluses, such as $48,889 in 2023 ($821,300 revenue - $772,411 expenses), indicating strong financial stability.
How does Love Inc Of The Heart Of Florida manage executive compensation?
Love Inc Of The Heart Of Florida reports 0% officer compensation in all available IRS 990 filings, suggesting a highly volunteer-driven leadership or very modest compensation structures that do not fall under officer compensation disclosure requirements.
Has the organization's asset base grown over time?
Yes, the organization's assets have grown substantially from $187,986 in 2014 to $1,483,565 in 2023, demonstrating significant financial growth and capacity building.
Filing History
IRS 990 filing history for Love Inc Of The Heart Of Florida showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Inc Of The Heart Of Florida's revenue has grown by 163.4%, moving from $312K to $821K. Total assets increased by 1149.2% over the same period, from $119K to $1.5M. Total functional expenses rose by 146.5%, from $313K to $772K. In its most recent filing year (2023), Love Inc Of The Heart Of Florida reported a surplus of $49K, with revenue exceeding expenses. The organization holds $536K in liabilities against $1.5M in assets (debt-to-asset ratio: 36.1%), resulting in net assets of $948K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $821K | $772K | $1.5M | $536K | — | — |
| 2022 | $787K | $715K | $1.5M | $586K | — | View 990 |
| 2021 | $739K | $558K | $1.7M | $878K | — | View 990 |
| 2020 | $504K | $484K | $1.6M | $986K | — | — |
| 2019 | $499K | $456K | $1.7M | $1.0M | — | View 990 |
| 2018 | $492K | $409K | $1.7M | $1.1M | — | View 990 |
| 2017 | $402K | $318K | $1.6M | $1.1M | — | — |
| 2016 | $371K | $278K | $435K | $7K | — | View 990 |
| 2015 | $419K | $270K | $339K | $3K | — | View 990 |
| 2014 | $360K | $326K | $188K | $778 | — | View 990 |
| 2013 | $360K | $334K | $159K | $5K | — | View 990 |
| 2012 | $332K | $318K | $131K | $4K | — | View 990 |
| 2011 | $312K | $313K | $119K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $821K, expenses of $772K, and assets of $1.5M (revenue +4.4% year-over-year).
- 2022: Revenue of $787K, expenses of $715K, and assets of $1.5M (revenue +6.5% year-over-year).
- 2021: Revenue of $739K, expenses of $558K, and assets of $1.7M (revenue +46.7% year-over-year).
- 2020: Revenue of $504K, expenses of $484K, and assets of $1.6M (revenue +1.0% year-over-year).
- 2019: Revenue of $499K, expenses of $456K, and assets of $1.7M (revenue +1.3% year-over-year).
- 2018: Revenue of $492K, expenses of $409K, and assets of $1.7M (revenue +22.4% year-over-year).
- 2017: Revenue of $402K, expenses of $318K, and assets of $1.6M (revenue +8.5% year-over-year).
- 2016: Revenue of $371K, expenses of $278K, and assets of $435K (revenue -11.5% year-over-year).
- 2015: Revenue of $419K, expenses of $270K, and assets of $339K (revenue +16.4% year-over-year).
- 2014: Revenue of $360K, expenses of $326K, and assets of $188K (revenue -0.1% year-over-year).
- 2013: Revenue of $360K, expenses of $334K, and assets of $159K (revenue +8.5% year-over-year).
- 2012: Revenue of $332K, expenses of $318K, and assets of $131K (revenue +6.4% year-over-year).
- 2011: Revenue of $312K, expenses of $313K, and assets of $119K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Inc Of The Heart Of Florida:
Data Sources and Methodology
This transparency report for Love Inc Of The Heart Of Florida 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.