Overview
What is Love Inc Of The Kenai Peninsula?
Love Inc of the Kenai Peninsula is a nonprofit organization located in Kenai, Alaska, with a postal address of PO Box 3052. Their primary mission is to assist individuals in need, focusing on temporary housing and utility assistance. This nonprofit organization plays a vital role in providing basic necessities and prevention of homelessness, as well as aiding in the placement of permanent housing. With a team of 17 dedicated employees, Love Inc of the Kenai Peninsula serves as a crucial resource for the community, offering support and shelter to those experiencing homelessness.
Official website here: www.peninsulaloveinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Love Inc Of The Kenai Peninsula has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The overall score is derived entirely from the Accountability & Finance beacon, which demonstrates a strong commitment to transparency and effective use of resources. This rating reflects an organization that is well-governed and has a clear priority on responsible financial practices.
The organization shows notable strengths, including a fully independent board, with all members being independent, which is crucial for objective decision-making. Additionally, the absence of material diversions of assets and a high program expense ratio of nearly 80% suggest that the majority of funds are directed toward fulfilling its mission. The presence of comprehensive policies regarding conflicts of interest and whistleblower protections further enhances its credibility.
While Love Inc Of The Kenai Peninsula displays many positive attributes, it is essential for potential donors and supporters to consider the overall impact of their work in relation to their financial metrics. The high percentage of liabilities to assets should also be noted, as it indicates a significant level of debt that could affect future operations. Nonetheless, the organization's strong financial practices and governance structure are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Love Inc Of The Kenai Peninsula legitimate?
Love Inc Of The Kenai Peninsula is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Inc Of The Kenai Peninsula 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $359,758
For more financial information, click here
Official website here: www.peninsulaloveinc.org
What is the mission statement of Love Inc Of The Kenai Peninsula?
Love Inc Of The Kenai Peninsula's mission is centered around assisting individuals in need. Their primary goal is to provide temporary shelter for individuals experiencing homelessness. Beyond that, they also focus on preventing homelessness and facilitating permanent housing placements. In essence, their mission is to cater to the basic needs of those in need, offering a transitional housing solution and utility assistance.
Official website here: www.peninsulaloveinc.org
What is the revenue of Love Inc Of The Kenai Peninsula?
Love Inc Of The Kenai Peninsula's revenue in 2023 was $992,020.
Official website here: www.peninsulaloveinc.org
Who are the executives of Love Inc Of The Kenai Peninsula and what are their salaries?
The average compensation at Love Inc Of The Kenai Peninsula during 2023 was $27,674. There are 13 employees at Love Inc Of The Kenai Peninsula.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.peninsulaloveinc.org
Where can I find the form 990 for Love Inc Of The Kenai Peninsula?
Love Inc Of The Kenai Peninsula's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peninsulaloveinc.org
Learn more at the official website: www.peninsulaloveinc.org
Mission Statement of Love Inc Of The Kenai Peninsula
Love Inc of the Kenai Peninsula is committed to assisting individuals in need, specifically focusing on providing temporary shelter for those experiencing homelessness. Beyond this, the organization also engages in homeless prevention efforts and works towards securing permanent housing placements for its clients. In essence, Love Inc of the Kenai Peninsula serves as a beacon of support for those in transition, aiming to provide the essential resources necessary for a stable living situation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Love Inc of the Kenai Peninsula has a significant impact on the community by providing essential services such as transitional housing, utilities assistance, and homelessness prevention. Their work directly helps individuals and families in need by ensuring they have a safe place to stay and access to basic necessities. Love Inc's focus on permanent housing placement also creates long-term stability for those facing housing insecurity. Their efforts play a crucial role in addressing homelessness and improving the overall well-being of the community in Kenai, Alaska.
This information is meant to be a general summary of Love Inc Of The Kenai Peninsula. 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.
- Gross Receipts: $992,020
Assets and Liabilities:
- Total Assets: $93,246
- Total Liabilities: $45,811
- Net Assets: $47,435
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1987
Principal Officer
Mark Mckinley
Website
www.peninsulaloveinc.orgNTEE Category
Code: X20L - Religion related
If you are a representative of Love Inc Of The Kenai Peninsula and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.