Operation Love Ministries Inc
EIN: 311114443 · Anderson, IN
| Metric | Value |
|---|---|
| Total Revenue | $973K |
| Total Expenses | $944K |
| Net Assets | $432K |
Is Operation Love Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Operation Love Ministries Inc
Operation Love Ministries Inc (EIN: 311114443) is a nonprofit organization based in Anderson, IN. The organization reported total revenue of $973K and total assets of $540K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Operation Love Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Operation Love Ministries Inc is a small nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $944K |
| Surplus / Deficit | +$62K |
| Total Assets | $435K |
| Total Liabilities | $2K |
| Net Assets | $432K |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Operation Love Ministries Inc reported a surplus of $62K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Operation Love Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | +8.9% | +15.9% |
| 2022 | +3.6% | +3.2% | +8.7% |
| 2021 | +32.9% | +34.8% | +2.4% |
| 2020 | +40.0% | +33.8% | +16.9% |
| 2019 | -15.0% | -10.6% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Operation Love Ministries 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 Operation Love Ministries 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 $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Operation Love Ministries Inc
Is Operation Love Ministries Inc a legitimate charity?
Operation Love Ministries Inc (EIN: 311114443) is a registered tax-exempt nonprofit based in Indiana. It has 14 years of IRS 990 filings on record. Total revenue: $973K. No red flags identified. Financial health grade: A.
How does Operation Love Ministries Inc spend its money?
Operation Love Ministries Inc reported $973K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Operation Love Ministries Inc tax-deductible?
Operation Love Ministries Inc is registered as a tax-exempt nonprofit (EIN: 311114443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Operation Love Ministries Inc located?
Operation Love Ministries Inc is headquartered in Anderson, Indiana and files with the IRS under EIN 311114443.
How many years of IRS 990 filings does Operation Love Ministries Inc have?
Operation Love Ministries Inc has 14 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 $973K in total revenue.
Filing History
IRS 990 filing history for Operation Love Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Operation Love Ministries Inc's revenue has grown by 231.6%, moving from $303K to $1.0M. Total assets increased by 113.5% over the same period, from $204K to $435K. Total functional expenses rose by 184%, from $332K to $944K. In its most recent filing year (2023), Operation Love Ministries Inc reported a surplus of $62K, with revenue exceeding expenses. The organization holds $2K in liabilities against $435K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $432K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $944K | $435K | $2K | — | — |
| 2022 | $898K | $867K | $375K | $3K | — | View 990 |
| 2021 | $867K | $840K | $345K | $4K | — | View 990 |
| 2020 | $652K | $623K | $337K | $22K | — | View 990 |
| 2019 | $466K | $466K | $288K | $0 | — | View 990 |
| 2018 | $548K | $521K | $287K | $0 | — | View 990 |
| 2017 | $512K | $503K | $259K | $0 | — | View 990 |
| 2016 | $570K | $562K | $250K | $0 | — | View 990 |
| 2015 | $404K | $379K | $241K | $0 | — | View 990 |
| 2014 | $435K | $416K | $219K | $3K | — | View 990 |
| 2013 | $273K | $286K | $200K | $2K | — | View 990 |
| 2012 | $295K | $285K | $212K | $888 | — | View 990 |
| 2011 | $283K | $286K | $203K | $1K | — | View 990 |
| 2010 | $303K | $332K | $204K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $944K, and assets of $435K (revenue +12.1% year-over-year).
- 2022: Revenue of $898K, expenses of $867K, and assets of $375K (revenue +3.6% year-over-year).
- 2021: Revenue of $867K, expenses of $840K, and assets of $345K (revenue +32.9% year-over-year).
- 2020: Revenue of $652K, expenses of $623K, and assets of $337K (revenue +40.0% year-over-year).
- 2019: Revenue of $466K, expenses of $466K, and assets of $288K (revenue -15.0% year-over-year).
- 2018: Revenue of $548K, expenses of $521K, and assets of $287K (revenue +7.1% year-over-year).
- 2017: Revenue of $512K, expenses of $503K, and assets of $259K (revenue -10.2% year-over-year).
- 2016: Revenue of $570K, expenses of $562K, and assets of $250K (revenue +41.0% year-over-year).
- 2015: Revenue of $404K, expenses of $379K, and assets of $241K (revenue -7.0% year-over-year).
- 2014: Revenue of $435K, expenses of $416K, and assets of $219K (revenue +59.5% year-over-year).
- 2013: Revenue of $273K, expenses of $286K, and assets of $200K (revenue -7.6% year-over-year).
- 2012: Revenue of $295K, expenses of $285K, and assets of $212K (revenue +4.0% year-over-year).
- 2011: Revenue of $283K, expenses of $286K, and assets of $203K (revenue -6.6% year-over-year).
- 2010: Revenue of $303K, expenses of $332K, and assets of $204K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Operation Love Ministries Inc:
Data Sources and Methodology
This transparency report for Operation Love Ministries 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.