Is Lafayette Apprenticeship Building Company Llc Legit?
Quick charity verification for Lafayette Apprenticeship Building Company Llc (EIN: 201916298)
Verdict: Lafayette Apprenticeship Building Company Llc appears trustworthy
80/100Mission Score
$180KRevenue
$1.4MAssets
1Red Flags
4Strengths
Red Flags
Significant unexplained asset reduction of nearly $1 million in 2023.
Strengths
Consistent revenue generation, averaging around $180,000 annually.
Zero reported officer compensation across all filings, indicating efficient use of funds for leadership.
No reported liabilities in the most recent two fiscal periods (2022 and 2023), indicating strong financial solvency.
Expenses consistently well below revenue, demonstrating financial prudence.
Spending Breakdown
How Lafayette Apprenticeship Building Company Llc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lafayette Apprenticeship Building Company Llc
Is Lafayette Apprenticeship Building Company Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lafayette Apprenticeship Building Company Llc (EIN: 201916298) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
Is Lafayette Apprenticeship Building Company Llc a good charity to donate to?
Lafayette Apprenticeship Building Company Llc has a Mission Score of 80/100. Revenue: $180K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lafayette Apprenticeship Building Company Llc?
The Employer Identification Number (EIN) for Lafayette Apprenticeship Building Company Llc is 201916298. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lafayette Apprenticeship Building Company Llc spend its money?
Lafayette Apprenticeship Building Company Llc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lafayette Apprenticeship Building Company Llc's tax-exempt status?
You can verify Lafayette Apprenticeship Building Company Llc's tax-exempt status using EIN 201916298 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lafayette Apprenticeship Building Company Llc demonstrates consistent revenue generation, averaging around $180,000 annually over the past decade. The organization's financial health appears stable, with assets consistently over $1 million, though there was a significant decrease in assets from $2,269,618 in 2022 to $1,356,312 in 2023. This substantial asset reduction, without corresponding liabilities, warrants further investigation to understand the underlying cause. Expenses have fluctuated but generally remain well below revenue, indicating a capacity to cover operational costs.
The organization's spending efficiency is commendable, particularly given the consistent reporting of 0% officer compensation across all filings, suggesting a volunteer-driven leadership or very low administrative overhead in this area. However, without a detailed functional expense breakdown (program, administrative, fundraising), a precise assessment of spending efficiency is challenging. The absence of liabilities in the most recent filings (2022 and 2023) is a positive indicator of financial stability.
Transparency is generally good through its consistent 990 filings. The consistent revenue and expense reporting, along with asset and liability figures, provides a clear financial picture. The lack of officer compensation is a strong point for transparency regarding executive pay. However, the significant asset drop in 2023 is a notable event that, while reported, lacks immediate explanation within the provided data, which could be a point for further inquiry to enhance full transparency.