Lovejoy Health Center Inc
Lovejoy Health Center Inc maintains stable assets with modest revenue and no reported officer compensation.
EIN: 10355090 · Albion, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $57K |
| Program Spending | 80% |
| Net Assets | $869K |
| Transparency Score | 85/100 |
Is Lovejoy Health Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lovejoy Health Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lovejoy Health Center Inc
Lovejoy Health Center Inc (EIN: 10355090) is a nonprofit organization based in Albion, ME. The organization reported total revenue of $58K and total assets of $858K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lovejoy Health Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lovejoy Health Center Inc is a micro nonprofit that has been operating for 48 years, with 6 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $57K |
| Surplus / Deficit | +$3K |
| Total Assets | $869K |
| Total Liabilities | $1 |
| Net Assets | $869K |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.7 months |
Financial Health Grade: A
In 2021, Lovejoy Health Center Inc reported a surplus of $3K with revenue exceeding expenses, holds 183.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2021), Lovejoy Health Center Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +13.2% | -2.3% | -4.8% |
| 2019 | +22.3% | +62.2% | +2.0% |
| 2014 | -7.7% | -5.7% | +0.8% |
| 2013 | +5.1% | +17.4% | +1.0% |
| 2012 | -25.7% | +10.6% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Lovejoy Health Center Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lovejoy Health Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Lovejoy Health Center Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size.
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 Lovejoy Health Center Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program efficiency assessment difficult.
Strengths
The following positive indicators were identified for Lovejoy Health Center Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Strong asset base ($857,836) relative to annual revenue ($57,937).
- Consistent IRS 990 filing history, indicating good transparency.
- Zero reported liabilities in most recent filings, suggesting financial health.
Frequently Asked Questions about Lovejoy Health Center Inc
Is Lovejoy Health Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lovejoy Health Center Inc (EIN: 10355090) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Lovejoy Health Center Inc spend its money?
Lovejoy Health Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lovejoy Health Center Inc tax-deductible?
Lovejoy Health Center Inc is registered as a tax-exempt nonprofit (EIN: 10355090). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lovejoy Health Center Inc's spending goes to programs?
Lovejoy Health Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lovejoy Health Center Inc located?
Lovejoy Health Center Inc is headquartered in Albion, Maine and files with the IRS under EIN 10355090.
How many years of IRS 990 filings does Lovejoy Health Center Inc have?
Lovejoy Health Center Inc has 6 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 $58K in total revenue.
Is Lovejoy Health Center Inc a good charity?
Based on the available data, Lovejoy Health Center Inc appears to be a well-managed organization with a strong asset base and a commendable practice of not paying officer compensation. Its consistent financial reporting and lack of liabilities are positive indicators. However, without detailed program expense breakdowns, a full assessment of its direct impact per dollar is limited.
How has Lovejoy Health Center Inc's revenue trended over time?
Lovejoy Health Center Inc's revenue has fluctuated but remained relatively stable over the past decade, ranging from a low of $42,898 in 2014 to a high of $59,510 in 2011, with the latest reported revenue at $57,937.
What is the organization's financial stability?
The organization demonstrates strong financial stability, holding $857,836 in assets against a modest latest revenue of $57,937 and consistently reporting zero liabilities. This indicates a healthy reserve and prudent financial management.
Filing History
IRS 990 filing history for Lovejoy Health Center Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2021), Lovejoy Health Center Inc's revenue has declined by 0.1%, moving from $60K to $59K. Total assets increased by 0.2% over the same period, from $867K to $869K. Total functional expenses rose by 93.9%, from $29K to $57K. In its most recent filing year (2021), Lovejoy Health Center Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $869K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $869K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $59K | $57K | $869K | $1 | — | View 990 |
| 2019 | $52K | $58K | $913K | $0 | — | View 990 |
| 2014 | $43K | $36K | $895K | $0 | — | View 990 |
| 2013 | $46K | $38K | $888K | $0 | — | View 990 |
| 2012 | $44K | $32K | $879K | $0 | — | View 990 |
| 2011 | $60K | $29K | $867K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $59K, expenses of $57K, and assets of $869K (revenue +13.2% year-over-year).
- 2019: Revenue of $52K, expenses of $58K, and assets of $913K (revenue +22.3% year-over-year).
- 2014: Revenue of $43K, expenses of $36K, and assets of $895K (revenue -7.7% year-over-year).
- 2013: Revenue of $46K, expenses of $38K, and assets of $888K (revenue +5.1% year-over-year).
- 2012: Revenue of $44K, expenses of $32K, and assets of $879K (revenue -25.7% year-over-year).
- 2011: Revenue of $60K, expenses of $29K, and assets of $867K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lovejoy Health Center Inc:
Data Sources and Methodology
This transparency report for Lovejoy Health 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.