Spread the Love Foundation
Nonprofit profile at a glance
- EIN
- 862167788
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Cleveland, OH, USA
- Phone
- 2168160414
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $147,880
- Expenses
- $145,516
- Assets
- $4,019
- Liabilities
- $1,655
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- OSSIE MAE NEAL (PRESIDENT & CEO)
- DERRICK JACKSON (VICE PRESIDENT)
People named in this filing
- ANTHONY HENDERSON (CHAIRMAN)
- OSSIE MAE NEAL (PRESIDENT & CEO)
- DERRICK JACKSON (VICE PRESIDENT)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Youth justice reforms & cultural equity
What it reported doing in 2024
Goals for the i2i program included serving 50 Cuyahoga County resident youth, increasing participants confidence to pursue music production careers of their interest, and to fos
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- 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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 100
- Sustainability: 29
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.4%; rating input score 28
- Program expense ratio: 28.9%; rating input score 29
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 1.6%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.03; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 28.4% of revenue deployed · 28.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $42K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 28/100.
- High — Financial Efficiency: Program expense ratio scored 29/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.