Love Light And Melody A Not Forprofit Corporation

Love Light And Melody experiences significant financial volatility and a substantial asset decline in the latest fiscal year.

EIN: 208894342 · Boulder, CO · NTEE: P60 · Updated: 2026-03-28

$437KRevenue

$49KAssets

65/100Mission Score (Good)

P60

About Love Light And Melody A Not Forprofit Corporation

Love Light And Melody A Not Forprofit Corporation (EIN: 208894342) is a nonprofit organization based in Boulder, CO, classified under NTEE code P60. The organization reported total revenue of $437K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Light And Melody A Not Forprofit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Love Light And Melody A Not Forprofit Corporation exhibits fluctuating financial performance over the past decade. While the organization has periods of strong revenue, such as $980,602 in 2019, it also experiences significant deficits, notably in 2023 where expenses ($580,554) far exceeded revenue ($322,796), leading to a substantial decrease in assets from $638,457 in 2022 to $394,338 in 2023. This volatility suggests potential challenges in consistent financial planning or revenue generation.

The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing administrative overhead in terms of executive pay. The significant drop in assets in the latest period, coupled with expenses exceeding revenue, raises questions about the sustainability of current operations.

Transparency appears to be a strength in terms of executive compensation, with no reported officer compensation. However, the lack of detailed expense categories (program, administrative, fundraising) in the provided data limits a comprehensive assessment of how efficiently funds are allocated to its mission. The organization's consistent filing of IRS Form 990s demonstrates adherence to basic reporting requirements.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Love Light And Melody A Not Forprofit Corporation with a Mission Score of 65 out of 100 (Good). 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: 80%
fundraising: 10%

According to IRS 990 filings, Love Light And Melody A Not Forprofit Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries, which is highly unusual for an organization with revenues reaching nearly $1 million in some years.

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 Light And Melody A Not Forprofit Corporation's IRS 990 filings:

Significant and recurring financial volatility, with large swings between surpluses and deficits (e.g., $712,973 surplus in 2019 vs. $257,758 deficit in 2023).
Substantial asset decline in the latest fiscal year (from $638,457 to $394,338), indicating financial strain.
Expenses ($580,554) significantly exceeded revenue ($322,796) in the latest reporting period (2023), raising sustainability concerns.
Consistent 0% officer compensation, which, while seemingly positive, can sometimes indicate reliance on unpaid labor or alternative compensation structures that are not fully transparent.

Strengths

The following positive indicators were identified for Love Light And Melody A Not Forprofit Corporation:

Consistent filing of IRS Form 990s, demonstrating adherence to regulatory reporting.
No reported officer compensation, suggesting a commitment to minimizing executive pay.
Periods of strong revenue generation, such as $980,602 in 2019, indicating potential for significant fundraising.

Frequently Asked Questions about Love Light And Melody A Not Forprofit Corporation

What caused the significant deficit in 2023, where expenses ($580,554) were nearly double the revenue ($322,796)?

The provided data does not specify the reasons for the 2023 deficit. It could be due to one-time expenses, a decline in donations, or a strategic investment, but further detail from the full 990 filing would be needed.

How does the organization sustain operations with 0% officer compensation, especially given its revenue levels?

The consistent 0% officer compensation suggests that leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, or that the organization relies heavily on non-officer staff for operations. This is an unusual financial structure for an organization of this size.

What are the specific program activities and how much is allocated to them annually?

The provided summary data does not include a functional expense breakdown, making it impossible to determine the exact allocation to program activities versus administrative or fundraising costs.

What led to the substantial decrease in assets from $638,457 in 2022 to $394,338 in 2023?

The asset decline is likely a direct result of the significant deficit in 2023, where expenses exceeded revenue by over $250,000, requiring the organization to draw down its reserves or liquidate assets to cover costs.

Filing History

IRS 990 filing history for Love Light And Melody A Not Forprofit Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Love Light And Melody A Not Forprofit Corporation's revenue has grown by 71.3%, moving from $188K to $323K. Total assets increased by 307.7% over the same period, from $97K to $394K. Total functional expenses rose by 478.6%, from $100K to $581K. In its most recent filing year (2023), Love Light And Melody A Not Forprofit Corporation reported a deficit of $258K, with expenses exceeding revenue. The organization holds $17K in liabilities against $394K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $378K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$323K	$581K	$394K	$17K	—	View 990
2022	$560K	$490K	$638K	$1K	—	View 990
2021	$379K	$377K	$568K	$372	—	View 990
2020	$123K	$399K	$565K	$453	—	View 990
2019	$981K	$268K	$841K	$671	—	View 990
2018	$256K	$298K	$128K	$202	—	View 990
2017	$339K	$226K	$170K	$613	—	View 990
2016	$258K	$226K	$58K	$1K	—	View 990
2015	$206K	$304K	$27K	$3K	—	View 990
2014	$343K	$238K	$130K	$8K	—	View 990
2013	$175K	$209K	$18K	$580	—	View 990
2012	$110K	$156K	$51K	$90	—	View 990
2011	$188K	$100K	$97K	$51	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $323K, expenses of $581K, and assets of $394K (revenue -42.3% year-over-year).
2022: Revenue of $560K, expenses of $490K, and assets of $638K (revenue +47.7% year-over-year).
2021: Revenue of $379K, expenses of $377K, and assets of $568K (revenue +207.3% year-over-year).
2020: Revenue of $123K, expenses of $399K, and assets of $565K (revenue -87.4% year-over-year).
2019: Revenue of $981K, expenses of $268K, and assets of $841K (revenue +283.1% year-over-year).
2018: Revenue of $256K, expenses of $298K, and assets of $128K (revenue -24.5% year-over-year).
2017: Revenue of $339K, expenses of $226K, and assets of $170K (revenue +31.5% year-over-year).
2016: Revenue of $258K, expenses of $226K, and assets of $58K (revenue +25.1% year-over-year).
2015: Revenue of $206K, expenses of $304K, and assets of $27K (revenue -40.0% year-over-year).
2014: Revenue of $343K, expenses of $238K, and assets of $130K (revenue +96.5% year-over-year).
2013: Revenue of $175K, expenses of $209K, and assets of $18K (revenue +58.1% year-over-year).
2012: Revenue of $110K, expenses of $156K, and assets of $51K (revenue -41.4% year-over-year).
2011: Revenue of $188K, expenses of $100K, and assets of $97K.

Data Sources and Methodology

This transparency report for Love Light And Melody A Not Forprofit Corporation 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.