Is Lmcl Inc Legit?

Quick charity verification for Lmcl Inc (EIN: 134077883)

Verdict: Lmcl Inc appears trustworthy

70/100Mission Score

$783KRevenue

$28.4MAssets

3Red Flags

3Strengths

Red Flags

Significant fluctuations in annual revenue, making financial planning and sustainability uncertain.
Periods of deficit spending where expenses exceeded revenue (e.g., 2022 and 2021).
Consistent reporting of 0% officer compensation, which may obscure actual leadership costs or indicate an unusual operational model.

Strengths

Substantial and growing asset base, reaching $27,765,010 in 2023, providing financial stability.
Long filing history (11 filings), indicating consistent compliance with IRS reporting requirements.
Mission-aligned NTEE code (T20 - Housing Development, Construction & Management) suggests a clear programmatic focus.

Spending Breakdown

How Lmcl Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Lmcl Inc

Is Lmcl Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Lmcl Inc (EIN: 134077883) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Lmcl Inc a good charity to donate to?

Lmcl Inc has a Mission Score of 70/100. Revenue: $783K. Assets: $28.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lmcl Inc?

The Employer Identification Number (EIN) for Lmcl Inc is 134077883. 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 Lmcl Inc spend its money?

Lmcl Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lmcl Inc's tax-exempt status?

You can verify Lmcl Inc's tax-exempt status using EIN 134077883 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

Lmcl Inc demonstrates a mixed financial picture. While the organization has substantial assets, reaching $27,765,010 in 2023, its revenue has fluctuated significantly over the years, from a high of $3,188,499 in 2020 to $782,861 in its latest reported period. Expenses have also varied, sometimes exceeding revenue, as seen in 2022 ($2,328,928 in expenses vs. $1,570,893 in revenue) and 2021 ($2,161,688 in expenses vs. $1,641,066 in revenue), indicating periods of deficit spending. The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led executive team or that compensation is not reported in this section, which could impact transparency regarding leadership costs.

The organization's financial health appears stable due to its significant asset base, but the inconsistency in revenue generation and occasional deficit spending warrant closer examination. The NTEE code T20 (Housing Development, Construction & Management) suggests a capital-intensive mission, which aligns with the high asset values. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The lack of reported officer compensation, while potentially positive, also means less insight into how leadership is compensated, which is a key aspect of financial transparency for many donors.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.