Love146 Inc
Love146 Inc consistently directs funds to programs with zero reported officer compensation.
EIN: 201168284 · New Haven, CT · NTEE: I72 · Updated: 2026-03-28
Is Love146 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Love146 Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Love146 Inc
Love146 Inc (EIN: 201168284) is a nonprofit organization based in New Haven, CT, classified under NTEE code I72. The organization reported total revenue of $8.3M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love146 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love146 Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$191K |
| Total Assets | $2.3M |
| Total Liabilities | $472K |
| Net Assets | $1.8M |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Love146 Inc reported a surplus of $191K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Love146 Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +17.3% | +28.8% |
| 2022 | -3.0% | -3.3% | +3.5% |
| 2021 | -10.9% | -3.0% | +3.6% |
| 2020 | +27.1% | +9.8% | +36.7% |
| 2019 | -15.2% | -9.6% | -20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Love146 Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Love146 Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $191K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.8%.
Executive Compensation Analysis
Love146 Inc consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with revenues exceeding $5 million in recent years.
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.
Red Flags
The following concerns were identified during AI analysis of Love146 Inc's IRS 990 filings:
- Unusually low liabilities relative to assets in some periods, which could indicate conservative accounting or specific funding structures, but warrants further investigation into cash flow management.
Strengths
The following positive indicators were identified for Love146 Inc:
- Consistent 0% officer compensation across all filings, demonstrating exceptional transparency and dedication to mission.
- Strong program spending ratio, indicating efficient use of funds for its stated purpose.
- Consistent revenue generation and asset growth over the past decade, suggesting financial stability and increasing capacity.
- Positive net assets in all reported periods, showing sound financial management.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Love146 Inc
Is Love146 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Love146 Inc (EIN: 201168284) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Love146 Inc spend its money?
Love146 Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Love146 Inc tax-deductible?
Love146 Inc is registered as a tax-exempt nonprofit (EIN: 201168284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Love146 Inc a good charity?
Based on the available data, Love146 Inc appears to be a good charity. It consistently directs a high percentage of its expenses towards programs, reports 0% officer compensation, and has shown consistent revenue and asset growth, indicating financial stability and a strong commitment to its mission.
How does Love146 Inc manage executive compensation?
Love146 Inc reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers. This is a highly transparent and mission-focused approach to executive compensation.
What is the trend in Love146 Inc's financial health?
Love146 Inc shows a positive trend in financial health. Revenue has generally increased over the years, reaching $5,103,015 in 202306, and assets have grown significantly, from $963,258 in 201406 to $2,274,322 in 202306, indicating stable growth and increasing capacity.
Filing History
IRS 990 filing history for Love146 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love146 Inc's revenue has grown by 126.3%, moving from $2.3M to $5.1M. Total assets increased by 644.5% over the same period, from $305K to $2.3M. Total functional expenses rose by 107%, from $2.4M to $4.9M. In its most recent filing year (2023), Love146 Inc reported a surplus of $191K, with revenue exceeding expenses. The organization holds $472K in liabilities against $2.3M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $4.9M | $2.3M | $472K | — | View 990 |
| 2022 | $4.2M | $4.2M | $1.8M | $155K | — | View 990 |
| 2021 | $4.4M | $4.3M | $1.7M | $143K | — | View 990 |
| 2020 | $4.9M | $4.5M | $1.6M | $116K | — | View 990 |
| 2019 | $3.9M | $4.1M | $1.2M | $109K | — | View 990 |
| 2018 | $4.5M | $4.5M | $1.5M | $285K | — | View 990 |
| 2017 | $4.0M | $3.8M | $1.6M | $417K | — | View 990 |
| 2016 | $2.9M | $2.9M | $1.1M | $139K | — | View 990 |
| 2015 | $3.1M | $3.0M | $1.0M | $43K | — | View 990 |
| 2014 | $3.0M | $2.9M | $963K | $61K | — | View 990 |
| 2013 | $2.6M | $2.5M | $919K | $50K | — | View 990 |
| 2012 | $2.4M | $1.9M | $797K | $34K | — | View 990 |
| 2011 | $2.3M | $2.4M | $305K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $4.9M, and assets of $2.3M (revenue +20.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.2M, and assets of $1.8M (revenue -3.0% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.3M, and assets of $1.7M (revenue -10.9% year-over-year).
- 2020: Revenue of $4.9M, expenses of $4.5M, and assets of $1.6M (revenue +27.1% year-over-year).
- 2019: Revenue of $3.9M, expenses of $4.1M, and assets of $1.2M (revenue -15.2% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.5M, and assets of $1.5M (revenue +14.9% year-over-year).
- 2017: Revenue of $4.0M, expenses of $3.8M, and assets of $1.6M (revenue +36.8% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.9M, and assets of $1.1M (revenue -6.6% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.0M, and assets of $1.0M (revenue +3.9% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.9M, and assets of $963K (revenue +12.6% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $919K (revenue +11.2% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.9M, and assets of $797K (revenue +5.5% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.4M, and assets of $305K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love146 Inc:
Data Sources and Methodology
This transparency report for Love146 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.