Love Truth Care Incorporated
EIN: 710742776 · Little Rock, AR · NTEE: P200
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $73K |
| Net Assets | $-28,375 |
Is Love Truth Care Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Truth Care Incorporated
Love Truth Care Incorporated (EIN: 710742776) is a nonprofit organization based in Little Rock, AR, classified under NTEE code P200. The organization reported total revenue of $37K and total assets of $391K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Truth Care Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Truth Care Incorporated is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $73K |
| Surplus / Deficit | $-28,375 |
| Total Assets | $374K |
| Total Liabilities | $402K |
| Net Assets | $-28,375 |
| Operating Margin | -63.2% |
| Debt-to-Asset Ratio | 107.6% |
| Months of Reserves | 61.3 months |
Financial Health Grade: C
In 2023, Love Truth Care Incorporated reported a deficit of $28K with expenses exceeding revenue, holds 61.3 months of operating reserves (strong position), has a debt-to-asset ratio of 107.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love Truth Care Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | +23.5% | +2.4% |
| 2022 | +41.0% | +53.6% | -14.6% |
| 2021 | -41.5% | -33.0% | +131.8% |
| 2020 | -74.9% | -74.9% | +1.5% |
| 2019 | +15.4% | +5.7% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Truth Care Incorporated 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 Truth Care Incorporated 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 deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.6%.
Frequently Asked Questions about Love Truth Care Incorporated
Is Love Truth Care Incorporated a legitimate charity?
Love Truth Care Incorporated (EIN: 710742776) is a registered tax-exempt nonprofit based in Arkansas. It has 13 years of IRS 990 filings on record. Total revenue: $37K. No red flags identified. Financial health grade: C.
How does Love Truth Care Incorporated spend its money?
Love Truth Care Incorporated reported $37K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Love Truth Care Incorporated tax-deductible?
Love Truth Care Incorporated is registered as a tax-exempt nonprofit (EIN: 710742776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Truth Care Incorporated located?
Love Truth Care Incorporated is headquartered in Little Rock, Arkansas and files with the IRS under EIN 710742776. It is classified under NTEE code P200.
How many years of IRS 990 filings does Love Truth Care Incorporated have?
Love Truth Care Incorporated 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 $37K in total revenue.
Filing History
IRS 990 filing history for Love Truth Care Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Truth Care Incorporated's revenue has declined by 84.5%, moving from $289K to $45K. Total assets decreased by 19.8% over the same period, from $466K to $374K. Total functional expenses fell by 76.5%, from $312K to $73K. In its most recent filing year (2023), Love Truth Care Incorporated reported a deficit of $28K, with expenses exceeding revenue. The organization holds $402K in liabilities against $374K in assets (debt-to-asset ratio: 107.6%), resulting in net assets of $-28,375.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $73K | $374K | $402K | — | — |
| 2022 | $46K | $59K | $365K | $379K | — | View 990 |
| 2021 | $32K | $39K | $427K | $67K | — | — |
| 2020 | $55K | $58K | $184K | $22K | — | View 990 |
| 2019 | $220K | $230K | $182K | $12K | — | View 990 |
| 2018 | $190K | $217K | $183K | $4K | — | View 990 |
| 2017 | $153K | $191K | $220K | $14K | — | View 990 |
| 2016 | $298K | $331K | $257K | $13K | — | View 990 |
| 2015 | $327K | $344K | $319K | $43K | — | View 990 |
| 2014 | $360K | $366K | $469K | $99K | — | View 990 |
| 2013 | $366K | $368K | $493K | $117K | — | View 990 |
| 2012 | $348K | $368K | $525K | $146K | — | View 990 |
| 2011 | $289K | $312K | $466K | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $73K, and assets of $374K (revenue -1.5% year-over-year).
- 2022: Revenue of $46K, expenses of $59K, and assets of $365K (revenue +41.0% year-over-year).
- 2021: Revenue of $32K, expenses of $39K, and assets of $427K (revenue -41.5% year-over-year).
- 2020: Revenue of $55K, expenses of $58K, and assets of $184K (revenue -74.9% year-over-year).
- 2019: Revenue of $220K, expenses of $230K, and assets of $182K (revenue +15.4% year-over-year).
- 2018: Revenue of $190K, expenses of $217K, and assets of $183K (revenue +24.1% year-over-year).
- 2017: Revenue of $153K, expenses of $191K, and assets of $220K (revenue -48.6% year-over-year).
- 2016: Revenue of $298K, expenses of $331K, and assets of $257K (revenue -8.7% year-over-year).
- 2015: Revenue of $327K, expenses of $344K, and assets of $319K (revenue -9.2% year-over-year).
- 2014: Revenue of $360K, expenses of $366K, and assets of $469K (revenue -1.5% year-over-year).
- 2013: Revenue of $366K, expenses of $368K, and assets of $493K (revenue +5.2% year-over-year).
- 2012: Revenue of $348K, expenses of $368K, and assets of $525K (revenue +20.3% year-over-year).
- 2011: Revenue of $289K, expenses of $312K, and assets of $466K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Truth Care Incorporated:
Data Sources and Methodology
This transparency report for Love Truth Care Incorporated 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.