Quick charity verification for Letcher Community Developmentfoundation (EIN: 204540526)
Verdict: Letcher Community Developmentfoundation shows mixed signals
45/100Mission Score
$22KRevenue
$6KAssets
3Red Flags
3Strengths
Red Flags
Significant and consistent decline in annual revenue from $141,696 in 2014 to $2,056 in 2023.
Substantial decrease in total assets from $94,956 in 2014 to $3,072 in 2023, indicating shrinking capacity.
Expenses frequently exceed revenue, such as in 2015 ($91,660 expenses vs. $50,835 revenue) and 2016 ($59,136 expenses vs. $19,680 revenue), suggesting reliance on reserves or prior year funding.
Strengths
Consistent filing of IRS 990 forms, demonstrating basic transparency.
Zero reported officer compensation across all filings, indicating a volunteer-driven or highly cost-efficient leadership structure.
No reported liabilities in any of the available filings, suggesting good debt management.
AI Transparency Report
The Letcher Community Developmentfoundation exhibits a concerning trend of declining financial activity and asset base over the past decade. While the organization consistently reports zero liabilities and no officer compensation, which are positive indicators of fiscal responsibility and transparency, its revenue has significantly decreased from a peak of $141,696 in 2014 to just $2,056 in 2023. This substantial drop in funding, coupled with a corresponding decrease in assets from $94,956 in 2014 to $3,072 in 2023, raises questions about the organization's long-term sustainability and impact. The NTEE code P990 (All Other Community Development) is broad, and without more detailed program expense breakdowns, it's difficult to assess spending efficiency beyond the overall financial health. The consistent filing of IRS 990 forms demonstrates a commitment to basic transparency requirements, but the financial trajectory suggests operational challenges.