Love N Cherish Family Center Inc
EIN: 261821842 · Rock Hill, SC · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $64K |
| Net Assets | $500K |
Is Love N Cherish Family Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love N Cherish Family Center Inc
Love N Cherish Family Center Inc (EIN: 261821842) is a nonprofit organization based in Rock Hill, SC, classified under NTEE code K31. The organization reported total revenue of $36K and total assets of $476K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love N Cherish Family Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love N Cherish Family Center Inc is a micro nonprofit that has been operating for 5 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $64K |
| Surplus / Deficit | +$2K |
| Total Assets | $500K |
| Net Assets | $500K |
| Operating Margin | 2.7% |
| Months of Reserves | 93.9 months |
Financial Health Grade: A
In 2023, Love N Cherish Family Center Inc reported a surplus of $2K with revenue exceeding expenses, holds 93.9 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2023), Love N Cherish Family Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.8% | -31.4% | +0.4% |
| 2022 | -9.7% | +23.3% | +0.7% |
| 2021 | +90.7% | +70.8% | +6.7% |
| 2020 | -83.2% | -85.8% | -11.1% |
| 2015 | +293.4% | +330.6% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love N Cherish Family Center Inc 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 N Cherish Family Center Inc 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 $2K, with revenue exceeding expenses.
Frequently Asked Questions about Love N Cherish Family Center Inc
Is Love N Cherish Family Center Inc a legitimate charity?
Love N Cherish Family Center Inc (EIN: 261821842) is a registered tax-exempt nonprofit based in South Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $36K. No red flags identified. Financial health grade: A.
How does Love N Cherish Family Center Inc spend its money?
Love N Cherish Family Center Inc reported $36K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Love N Cherish Family Center Inc tax-deductible?
Love N Cherish Family Center Inc is registered as a tax-exempt nonprofit (EIN: 261821842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love N Cherish Family Center Inc located?
Love N Cherish Family Center Inc is headquartered in Rock Hill, South Carolina and files with the IRS under EIN 261821842. It is classified under NTEE code K31.
How many years of IRS 990 filings does Love N Cherish Family Center Inc have?
Love N Cherish Family Center Inc has 9 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 $36K in total revenue.
Filing History
IRS 990 filing history for Love N Cherish Family Center Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Love N Cherish Family Center Inc's revenue has declined by 16.9%, moving from $79K to $66K. Total assets increased by 1682.9% over the same period, from $28K to $500K. Total functional expenses fell by 5.7%, from $68K to $64K. In its most recent filing year (2023), Love N Cherish Family Center Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $64K | $500K | $0 | — | View 990 |
| 2022 | $96K | $93K | $498K | $0 | — | View 990 |
| 2021 | $107K | $76K | $495K | $0 | — | — |
| 2020 | $56K | $44K | $464K | $0 | — | — |
| 2015 | $334K | $312K | $521K | $453K | — | View 990 |
| 2014 | $85K | $72K | $493K | $447K | — | View 990 |
| 2013 | $76K | $64K | $45K | $12K | — | View 990 |
| 2012 | $77K | $69K | $38K | $16K | — | View 990 |
| 2011 | $79K | $68K | $28K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $64K, and assets of $500K (revenue -31.8% year-over-year).
- 2022: Revenue of $96K, expenses of $93K, and assets of $498K (revenue -9.7% year-over-year).
- 2021: Revenue of $107K, expenses of $76K, and assets of $495K (revenue +90.7% year-over-year).
- 2020: Revenue of $56K, expenses of $44K, and assets of $464K (revenue -83.2% year-over-year).
- 2015: Revenue of $334K, expenses of $312K, and assets of $521K (revenue +293.4% year-over-year).
- 2014: Revenue of $85K, expenses of $72K, and assets of $493K (revenue +12.0% year-over-year).
- 2013: Revenue of $76K, expenses of $64K, and assets of $45K (revenue -1.6% year-over-year).
- 2012: Revenue of $77K, expenses of $69K, and assets of $38K (revenue -2.6% year-over-year).
- 2011: Revenue of $79K, expenses of $68K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love N Cherish Family Center Inc:
Data Sources and Methodology
This transparency report for Love N Cherish Family Center Inc 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.