Love Knowledge Inc

EIN: 471639140 501(c)(3) Education

Millwood, NY

Total Revenue
$421,934
Total Expenses
$418,220
Total Assets
$8,658
Net Assets
$-1,342
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
Jonathan Galletta
Phone
3475619607
Tax Period
2023-01-01 to 2023-12-31

Love Knowledge Inc, founded in 2014, is a small nonprofit in the Education sector that reported $422K in total revenue in fiscal year 2023. Revenue surged 27641% from the prior year, signaling strong growth momentum.

Mission

Love Knowledges mission is to educate and disseminate information on social issues through an online public forum. We aim to coordinate and collaborate with organizations and institutions seeking to improve the world.

Program Service Accomplishments

Program 1
Expenses: $75 Revenue: $0

The main service Love Knowledge provides is a website to disseminate information and allow online collaboration among the public and other non-profit and charitable organizations seeking to improve...

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The main service Love Knowledge provides is a website to disseminate information and allow online collaboration among the public and other non-profit and charitable organizations seeking to improve the world. The website was available all year minus a brief period of downtime over the summer. It is uncertain how many users visited the website but viewers are estimated to be in the hundreds to thousands. The objective is to expose the public to varying sources of important news and information on a wide variety of social issues and to generate interest discussion and ultimately action from those viewing these articles all towards a goal of improving the world.

Program 2
Expenses: $415,980 Revenue: $0

In 2023 Love Knowledge also engaged in a fiscal sponsorship program supporting the organization Creative Muse Inc. We supported this organizations mission of providing artistic programs and...

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In 2023 Love Knowledge also engaged in a fiscal sponsorship program supporting the organization Creative Muse Inc. We supported this organizations mission of providing artistic programs and mentorship to youth and adults in the fields of music dance film photography and theater. This was in line with Love Knowledges mission to help educate society on various matters and improving the world through this education and enrichment.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $421,910
Program Service Revenue $0
Investment Income $24
Other Revenue $0
TOTAL REVENUE $421,934

Expense Breakdown

Grants Paid $415,980
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $416,055
Other Expenses $2,240
TOTAL EXPENSES $418,220

Year-over-Year Comparison

2023 2022 Change
Revenue $421,934 $1,521 +276.4%
Expenses $418,220 N/A N/A
Net Income $3,714 $1,521 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonathan Galletta President Secretary Director 1.00
Officer Director
$0 $0 $0
Roland Regos Treasurer Director 1.00
Officer Director
$0 $0 $0
Fatou Dioum Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $421,934 $418,220 $8,658 $3,714
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