Love Transformation Project Inc
EIN: 812332323 · Louisville, KY · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.2M |
| Net Assets | $181K |
Is Love Transformation Project 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 Transformation Project Inc
Love Transformation Project Inc (EIN: 812332323) is a nonprofit organization based in Louisville, KY, classified under NTEE code P99. The organization reported total revenue of $1.9M and total assets of $233K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Transformation Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Transformation Project Inc is a mid-size nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$198K |
| Total Assets | $257K |
| Total Liabilities | $76K |
| Net Assets | $181K |
| Operating Margin | 14.2% |
| Debt-to-Asset Ratio | 29.6% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Love Transformation Project Inc reported a surplus of $198K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 29.6% (moderate leverage).
Financial Trends
Over 4 years of filings (2020–2023), Love Transformation Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +2.0% | +4.5% |
| 2022 | +6.0% | +9.3% | +23.8% |
| 2021 | +11.7% | +23.7% | -38.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Transformation Project 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 Transformation Project 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 $198K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.6%.
Frequently Asked Questions about Love Transformation Project Inc
Is Love Transformation Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Transformation Project Inc (EIN: 812332323) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love Transformation Project Inc spend its money?
Detailed spending breakdown data is not yet available for Love Transformation Project Inc. Check back for updated IRS 990 analysis.
Are donations to Love Transformation Project Inc tax-deductible?
Love Transformation Project Inc is registered as a tax-exempt nonprofit (EIN: 812332323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Transformation Project Inc located?
Love Transformation Project Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 812332323. It is classified under NTEE code P99.
How many years of IRS 990 filings does Love Transformation Project Inc have?
Love Transformation Project Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.9M in total revenue.
Filing History
IRS 990 filing history for Love Transformation Project Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Love Transformation Project Inc's revenue has grown by 17.2%, moving from $1.2M to $1.4M. Total assets decreased by 20.2% over the same period, from $322K to $257K. Total functional expenses rose by 37.9%, from $870K to $1.2M. In its most recent filing year (2023), Love Transformation Project Inc reported a surplus of $198K, with revenue exceeding expenses. The organization holds $76K in liabilities against $257K in assets (debt-to-asset ratio: 29.6%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.2M | $257K | $76K | — | View 990 |
| 2022 | $1.4M | $1.2M | $246K | $0 | — | View 990 |
| 2021 | $1.3M | $1.1M | $199K | $0 | — | View 990 |
| 2020 | $1.2M | $870K | $322K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.2M, and assets of $257K (revenue -1.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $246K (revenue +6.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $199K (revenue +11.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $870K, and assets of $322K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Transformation Project Inc:
Data Sources and Methodology
This transparency report for Love Transformation Project 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.