Love N Care Ministries U S A
Love N Care Ministries U S A: Consistent Growth, High Program Spending
EIN: 223072412 · N Bennington, VT · NTEE: P20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $389K |
| Total Expenses | $444K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $181,576. |
| Net Assets | $376K |
| Transparency Score | 85/100 |
Is Love N Care Ministries U S A Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Love N Care Ministries U S A directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Love N Care Ministries U S A
Love N Care Ministries U S A (EIN: 223072412) is a nonprofit organization based in N Bennington, VT, classified under NTEE code P20Z. The organization reported total revenue of $389K and total assets of $474K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love N Care Ministries U S A's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love N Care Ministries U S A is a small nonprofit that has been operating for 35 years, with 15 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $563K |
| Total Expenses | $444K |
| Surplus / Deficit | +$119K |
| Total Assets | $558K |
| Total Liabilities | $182K |
| Net Assets | $376K |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 32.6% |
| Months of Reserves | 15.1 months |
Financial Health Grade: A
In 2023, Love N Care Ministries U S A reported a surplus of $119K with revenue exceeding expenses, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 32.6% (moderate leverage).
Financial Trends
Over 15 years of filings (2008–2023), Love N Care Ministries U S A's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | -1.4% | +27.2% |
| 2022 | +18.8% | +30.5% | +61.5% |
| 2021 | +26.6% | +1.7% | +2352.1% |
| 2020 | +1.8% | +20.7% | -66.4% |
| 2019 | +16.3% | +7.2% | +400.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 N Care Ministries U S A 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Love N Care Ministries U S A allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2023 at $181,576.
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 N Care Ministries U S A:
- Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023).
- Steady revenue growth over the past several years, from $232,057 in 2017 to $562,745 in 2023.
- Healthy asset growth, indicating financial stability and capacity.
- Low administrative and fundraising costs, maximizing impact per dollar.
- Clear and consistent financial reporting through Form 990 filings.
Frequently Asked Questions about Love N Care Ministries U S A
Is Love N Care Ministries U S A a legitimate charity?
Based on AI analysis of IRS 990 filings, Love N Care Ministries U S A (EIN: 223072412) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Love N Care Ministries U S A spend its money?
Love N Care Ministries U S A directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Love N Care Ministries U S A tax-deductible?
Love N Care Ministries U S A is registered as a tax-exempt nonprofit (EIN: 223072412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Love N Care Ministries U S A CEO make?
Love N Care Ministries U S A's highest-compensated officer earns $181,576. annually. The organization reported $389K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Love N Care Ministries U S A's spending goes to programs?
Love N Care Ministries U S A directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Love N Care Ministries U S A compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Love N Care Ministries U S A is above average for NTEE category P20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Love N Care Ministries U S A located?
Love N Care Ministries U S A is headquartered in N Bennington, Vermont and files with the IRS under EIN 223072412. It is classified under NTEE code P20Z.
How many years of IRS 990 filings does Love N Care Ministries U S A have?
Love N Care Ministries U S A has 15 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 $389K in total revenue.
What does Love N Care Ministries U S A do?
Love N Care Ministries U S A is a nonprofit organization in the Human Services sector, located in N Bennington, Vermont. It is classified under NTEE code P20Z.
How much revenue does Love N Care Ministries U S A have?
Love N Care Ministries U S A reported total revenue of $389,401. Based on 15 IRS 990 filings on record.
What are Love N Care Ministries U S A's total assets?
Love N Care Ministries U S A holds total assets of $473,594 as reported in IRS 990 filings.
Where is Love N Care Ministries U S A located?
Love N Care Ministries U S A is based in N Bennington, Vermont.
What is Love N Care Ministries U S A's EIN?
Love N Care Ministries U S A's Employer Identification Number (EIN) is 223072412. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Love N Care Ministries U S A?
Love N Care Ministries U S A is classified under NTEE code P20Z (Human Services).
Is Love N Care Ministries U S A a registered 501(c)(3)?
Yes, Love N Care Ministries U S A is recognized as a tax-exempt organization by the IRS. EIN: 223072412.
Does Love N Care Ministries U S A file IRS Form 990?
Yes, Love N Care Ministries U S A has 15 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Love N Care Ministries U S A's revenue in 2023?
In the 202312 filing period, Love N Care Ministries U S A reported total revenue of $562,745, total expenses of $443,619, and net assets of $557,730.
Is Love N Care Ministries U S A's revenue growing or declining?
Love N Care Ministries U S A's revenue is growing. Revenue went from $470,464 (202212) to $562,745 (202312), a +19.6% change. Based on 15 filings on record.
What is Love N Care Ministries U S A's most recent 990 filing?
The most recent IRS Form 990 filing for Love N Care Ministries U S A covers tax period 202312. It shows revenue of $562,745, expenses of $443,619, total assets of $557,730, and liabilities of $181,576.
How much does Love N Care Ministries U S A spend on programs vs administration?
Based on IRS 990 analysis, Love N Care Ministries U S A allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Love N Care Ministries U S A a trustworthy charity?
Based on AI analysis of IRS 990 data, Love N Care Ministries U S A appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Love N Care Ministries U S A's strengths?
Positive indicators for Love N Care Ministries U S A include: Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023).. Steady revenue growth over the past several years, from $232,057 in 2017 to $562,745 in 2023.. Healthy asset growth, indicating financial stability and capacity.. Low administrative and fundraising costs, maximizing impact per dollar.. Clear and consistent financial reporting through Form 990 filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Love N Care Ministries U S A compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2023 at $181,576. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Love N Care Ministries U S A managed to maintain such a high program spending ratio while experiencing significant revenue growth?
The organization has demonstrated effective cost management and a clear operational focus on its mission, as evidenced by the consistent allocation of over 90% of its expenses to program services even as revenue increased from $232,057 in 2017 to $562,745 in 2023.
What factors contribute to the organization's ability to keep fundraising costs exceptionally low?
Love N Care Ministries U S A consistently reports 0% fundraising costs, suggesting a reliance on organic growth, word-of-mouth, or grants that do not incur significant direct fundraising expenses, which is highly efficient.
Filing History
IRS 990 filing history for Love N Care Ministries U S A showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2008–2023), Love N Care Ministries U S A's revenue has grown by 141.1%, moving from $233K to $563K. Total assets increased by 2691.9% over the same period, from $20K to $558K. Total functional expenses rose by 103.6%, from $218K to $444K. In its most recent filing year (2023), Love N Care Ministries U S A reported a surplus of $119K, with revenue exceeding expenses. The organization holds $182K in liabilities against $558K in assets (debt-to-asset ratio: 32.6%), resulting in net assets of $376K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $563K | $444K | $558K | $182K | — | — |
| 2022 | $470K | $450K | $439K | $182K | — | View 990 |
| 2021 | $396K | $345K | $272K | $132K | — | View 990 |
| 2020 | $313K | $339K | $11K | $0 | — | View 990 |
| 2019 | $307K | $281K | $33K | $0 | — | View 990 |
| 2018 | $264K | $262K | $7K | $0 | — | View 990 |
| 2017 | $232K | $256K | $4K | $0 | — | View 990 |
| 2016 | $267K | $261K | $0 | $0 | — | View 990 |
| 2015 | $294K | $287K | $22K | $0 | — | View 990 |
| 2014 | $378K | $405K | $15K | $0 | — | View 990 |
| 2013 | $338K | $336K | $42K | $0 | — | View 990 |
| 2012 | $414K | $536K | $40K | $0 | — | View 990 |
| 2011 | $323K | $266K | $162K | $0 | — | View 990 |
| 2010 | $240K | $194K | $106K | $0 | — | View 990 |
| 2008 | $233K | $218K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $563K, expenses of $444K, and assets of $558K (revenue +19.6% year-over-year).
- 2022: Revenue of $470K, expenses of $450K, and assets of $439K (revenue +18.8% year-over-year).
- 2021: Revenue of $396K, expenses of $345K, and assets of $272K (revenue +26.6% year-over-year).
- 2020: Revenue of $313K, expenses of $339K, and assets of $11K (revenue +1.8% year-over-year).
- 2019: Revenue of $307K, expenses of $281K, and assets of $33K (revenue +16.3% year-over-year).
- 2018: Revenue of $264K, expenses of $262K, and assets of $7K (revenue +13.9% year-over-year).
- 2017: Revenue of $232K, expenses of $256K, and assets of $4K (revenue -13.1% year-over-year).
- 2016: Revenue of $267K, expenses of $261K, and assets of $0 (revenue -9.2% year-over-year).
- 2015: Revenue of $294K, expenses of $287K, and assets of $22K (revenue -22.1% year-over-year).
- 2014: Revenue of $378K, expenses of $405K, and assets of $15K (revenue +11.9% year-over-year).
- 2013: Revenue of $338K, expenses of $336K, and assets of $42K (revenue -18.4% year-over-year).
- 2012: Revenue of $414K, expenses of $536K, and assets of $40K (revenue +28.2% year-over-year).
- 2011: Revenue of $323K, expenses of $266K, and assets of $162K (revenue +34.2% year-over-year).
- 2010: Revenue of $240K, expenses of $194K, and assets of $106K (revenue +3.0% year-over-year).
- 2008: Revenue of $233K, expenses of $218K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love N Care Ministries U S A:
Data Sources and Methodology
This transparency report for Love N Care Ministries U S A 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.