Love Inc of Albuquerque
Nonprofit profile at a glance
- EIN
- 850476239
- IRS 990-EZ coverage
- 2010–2017
- Forms available
- Form 990-EZ 2017
- Location
- Albuquerque, NM, USA
- Phone
- 5052555683
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $120,383
- Expenses
- $139,873
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- CAROL COLE (CHAIR)
- ROBIN TROY (VICE CHAIR)
- YVONNE LARA (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of love inc of albuquerque is to mobilize local churches to transform lives and communities in the name of christ.
What it reported doing in 2017
Love inc of albuquerque connects churches and community. There are many individuals and families in need of help and it can be very confusing to find appropriate resources. Love inc utilizes a help line where people can call one phone number and get connected to multiple resources. Through a unique process that includes a home visit to make sure needs are legitimate, love inc helped over 750 individuals and families last year. Love inc also identified areas where resources are not available. This is identified as a gap in our community and love inc mobilizes local churches to fill these gaps. Home repair, auto repair, and money management services for low incomes families became available for those in need. Community churches are working together through love inc of albuquerque to reduce duplication of services and to provide additional resources to help people in the albuquerque area.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 82
- Sustainability: 6
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.5%; rating input score 78
- Program expense ratio: 67.5%; rating input score 68
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -16.2%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 25%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: -8.9% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -6.4% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -33.8% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 78.5% of revenue deployed · 67.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $94K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 4 filed schedules
- Filing history: 7 filing years from 2010 to 2017
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 15/100.