Love Works
EIN: 472267373 · Collierville, TN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $176K |
| Net Assets | $55K |
Is Love Works Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Works
Love Works (EIN: 472267373) is a nonprofit organization based in Collierville, TN, classified under NTEE code P20. The organization reported total revenue of $80K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Works's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Works is a micro nonprofit that has been operating for 11 years, with 4 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $176K |
| Surplus / Deficit | $-26,076 |
| Total Assets | $64K |
| Total Liabilities | $9K |
| Net Assets | $55K |
| Operating Margin | -17.3% |
| Debt-to-Asset Ratio | 14.3% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Love Works reported a deficit of $26K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 14.3% (very low leverage).
Financial Trends
Over 4 years of filings (2017–2023), Love Works's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | +73.9% | -26.7% |
| 2022 | +83.9% | +63.9% | +9.9% |
| 2021 | -22.5% | -13.3% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Works 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 Works 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 $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.3%.
Frequently Asked Questions about Love Works
Is Love Works a legitimate charity?
Love Works (EIN: 472267373) is a registered tax-exempt nonprofit based in Tennessee. It has 4 years of IRS 990 filings on record. Total revenue: $80K. No red flags identified. Financial health grade: B.
How does Love Works spend its money?
Love Works reported $80K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Love Works tax-deductible?
Love Works is registered as a tax-exempt nonprofit (EIN: 472267373). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Works located?
Love Works is headquartered in Collierville, Tennessee and files with the IRS under EIN 472267373. It is classified under NTEE code P20.
How many years of IRS 990 filings does Love Works have?
Love Works 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 $80K in total revenue.
Filing History
IRS 990 filing history for Love Works showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2023), Love Works's revenue has grown by 46.5%, moving from $103K to $150K. Total assets decreased by 21% over the same period, from $81K to $64K. Total functional expenses rose by 147%, from $71K to $176K. In its most recent filing year (2023), Love Works reported a deficit of $26K, with expenses exceeding revenue. The organization holds $9K in liabilities against $64K in assets (debt-to-asset ratio: 14.3%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $176K | $64K | $9K | — | View 990 |
| 2022 | $146K | $101K | $88K | $6K | — | View 990 |
| 2021 | $79K | $62K | $80K | $43K | — | View 990 |
| 2017 | $103K | $71K | $81K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $176K, and assets of $64K (revenue +2.9% year-over-year).
- 2022: Revenue of $146K, expenses of $101K, and assets of $88K (revenue +83.9% year-over-year).
- 2021: Revenue of $79K, expenses of $62K, and assets of $80K (revenue -22.5% year-over-year).
- 2017: Revenue of $103K, expenses of $71K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Works:
Data Sources and Methodology
This transparency report for Love Works 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.