Overview
What is Love City Inc?
Love City Inc is a benevolent organization situated in Louisville, Kentucky, specifically at 2612 Alford Ave. The nonprofit is primarily focused on community development in a disadvantaged area, with a mission to stimulate local economic growth and improve education opportunities for children. Love City Inc runs a community center, offering a range of programs free of charge to children aged between 3 and 18. These programs encompass tutoring, art, and music classes, aiming to broaden their horizons and foster their creativity. With a dedicated workforce of 48 individuals, Love City Inc plays a crucial role in uplifting its local community.
Official website here: www.lovecityinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Love City Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong performance in its accountability and finance metrics. The organization scored 88% overall, indicating a commitment to transparency and effective financial management. Their accountability score is notably high due to aspects such as having a fully independent board and no material diversions of assets, ensuring that resources are used effectively for their charitable mission.
Strengths of Love City Inc include having a majority of independent board members and a robust program expense ratio of 71.92%, demonstrating a focus on delivering programs rather than administrative costs. The organization also complies well with documentation policies, as evidenced by its adherence to financial statement requirements and the posting of essential documents on its website. This highlights a level of transparency that is crucial for donor trust.
However, there are areas for improvement, particularly with the absence of a whistleblower policy and a document retention policy, which received zero points in the respective categories. Addressing these gaps could enhance their accountability framework and further assure stakeholders of their ethical practices. Overall, Love City Inc shows a commendable commitment to responsible governance, although there is room for increased policy development.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Love City Inc?
96% of 56 reviewers on Facebook recommend Love City Inc. Here is a summary of their reviews:
Many people appreciate the dedication and efforts of the team, highlighting the positive impact they are making in the community. Comments often emphasize their commitment to serving those in need and creating meaningful change. Reviewers describe the organization as a group of "great folks doing great things," suggesting that the staff's passion and hard work resonate well with the public.
Overall, the sentiment surrounding Love City Inc is overwhelmingly positive. Supporters feel confident in the nonprofit’s mission and effectiveness, indicating that the organization successfully delivers on its promise to serve and uplift the community.
This AI summary has been generated from reviews found on Facebook.
Is Love City Inc legitimate?
Love City Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love City Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $36,886
Professional Fundraising Fees: $0
Other Salaries and Wages: $691,034
For more financial information, click here
Official website here: www.lovecityinc.org
What is the mission statement of Love City Inc?
Love City Inc, as a charitable organization, is dedicated to uplifting a disadvantaged community. Their primary mission involves stimulating local economic growth by creating job opportunities and enhancing education levels. This is achieved through various initiatives, including offering free pre-school education and after-school and summer programs for children aged between 1 and 18. The organization operates a community center, where it provides a range of educational and enrichment activities, such as tutoring and arts and music programs, to the children it serves.
Official website here: www.lovecityinc.org
What is the revenue of Love City Inc?
Love City Inc's revenue in 2023 was $947,418.
Official website here: www.lovecityinc.org
Who are the executives of Love City Inc and what are their salaries?
The average compensation at Love City Inc during 2023 was $14,188. There 125 volunteers at Love City Inc.
Here are 8 key members and their salaries:
- Compensation: $36,885
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lovecityinc.org
Where can I find the form 990 for Love City Inc?
Love City Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lovecityinc.org
Learn more at the official website: www.lovecityinc.org
Mission Statement of Love City Inc
Love City Inc, a charitable organization, is dedicated to spearheading community development in impoverished areas. Its primary mission involves stimulating local economic growth by creating job opportunities and increasing education levels, particularly through pre-school education and after-school and summer programs for children aged between 1 and 18. At the heart of Love City Inc's operations is a community center, where it offers a range of programs for free to children aged between 3 and 18. These programs encompass tutoring, as well as art and music classes, aimed at fostering holistic development and engaging children in meaningful activities outside of the classroom.
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Impact
July, 2024
Love City Inc's impact in Louisville, KY, is profound. By focusing on community development in an impoverished area, this organization is actively stimulating the local economy through job creation and increasing educational attainment in children aged 1 to 18. Love City Inc's programs, which include preschool education, after-school activities, tutoring, and art and music programs, are instrumental in providing essential support to the community's youth. Through these initiatives, Love City Inc is not only transforming individual lives but also fostering a brighter future for the entire community.
This information is meant to be a general summary of Love City Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $704
- Program Service Revenue: $166,864
- Gross Receipts: $947,418
Assets and Liabilities:
- Total Assets: $2,231,863
- Total Liabilities: $864,297
- Net Assets: $1,367,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Porkland BBQ Sales
Revenue
$109,750
Fish Fry Revenue
Tuition
Revenue
$57,114
Product Sales
School Meals Sold
Organization Details
Founding Year
2015
Principal Officer
Inga Arvin
Website
www.lovecityinc.orgNTEE Category
Code: P20 - Human services
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