Source Of Universal Love
EIN: 830427399 · Farmington, MI · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $196K |
| Total Expenses | $167K |
| Net Assets | $140K |
Is Source Of Universal Love Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Source Of Universal Love
Source Of Universal Love (EIN: 830427399) is a nonprofit organization based in Farmington, MI, classified under NTEE code P20. The organization reported total revenue of $196K and total assets of $123K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Source Of Universal Love's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Source Of Universal Love is a small nonprofit that has been operating for 20 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $167K |
| Surplus / Deficit | $-4,826 |
| Total Assets | $142K |
| Total Liabilities | $3K |
| Net Assets | $140K |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2023, Source Of Universal Love reported a deficit of $5K with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Source Of Universal Love's revenue has declined at a compound annual growth rate (CAGR) of -9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +10.8% | -3.7% |
| 2022 | -24.8% | +48.3% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Source Of Universal Love 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 Source Of Universal Love 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Source Of Universal Love
Is Source Of Universal Love a legitimate charity?
Based on AI analysis of IRS 990 filings, Source Of Universal Love (EIN: 830427399) insufficient data. 0 red flags identified, 0 strengths noted.
How does Source Of Universal Love spend its money?
Detailed spending breakdown data is not yet available for Source Of Universal Love. Check back for updated IRS 990 analysis.
Are donations to Source Of Universal Love tax-deductible?
Source Of Universal Love is registered as a tax-exempt nonprofit (EIN: 830427399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Source Of Universal Love located?
Source Of Universal Love is headquartered in Farmington, Michigan and files with the IRS under EIN 830427399. It is classified under NTEE code P20.
How many years of IRS 990 filings does Source Of Universal Love have?
Source Of Universal Love has 3 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 $196K in total revenue.
Filing History
IRS 990 filing history for Source Of Universal Love showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Source Of Universal Love's revenue has declined by 18.3%, moving from $198K to $162K. Total assets decreased by 2.8% over the same period, from $146K to $142K. Total functional expenses rose by 64.3%, from $101K to $167K. In its most recent filing year (2023), Source Of Universal Love reported a deficit of $5K, with expenses exceeding revenue. The organization holds $3K in liabilities against $142K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $167K | $142K | $3K | — | — |
| 2022 | $149K | $151K | $148K | $3K | — | View 990 |
| 2021 | $198K | $101K | $146K | $525 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $167K, and assets of $142K (revenue +8.7% year-over-year).
- 2022: Revenue of $149K, expenses of $151K, and assets of $148K (revenue -24.8% year-over-year).
- 2021: Revenue of $198K, expenses of $101K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Source Of Universal Love:
Data Sources and Methodology
This transparency report for Source Of Universal Love 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.