Escape From Poverty
EIN: 273893742 · Lafayette, LA · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $107K |
| Net Assets | $35K |
Is Escape From Poverty Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Escape From Poverty
Escape From Poverty (EIN: 273893742) is a nonprofit organization based in Lafayette, LA, classified under NTEE code P99. The organization reported total revenue of $62K and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Escape From Poverty's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Escape From Poverty is a micro nonprofit that has been operating for 15 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -24.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $107K |
| Surplus / Deficit | $-44,803 |
| Total Assets | $36K |
| Total Liabilities | $1K |
| Net Assets | $35K |
| Operating Margin | -72.5% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Escape From Poverty reported a deficit of $45K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Escape From Poverty's revenue has declined at a compound annual growth rate (CAGR) of -24.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.6% | +5.2% | -57.0% |
| 2022 | -12.5% | +40.3% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Escape From Poverty has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Escape From Poverty with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Frequently Asked Questions about Escape From Poverty
Is Escape From Poverty a legitimate charity?
Escape From Poverty (EIN: 273893742) is a registered tax-exempt nonprofit based in Louisiana. It has 3 years of IRS 990 filings on record. Total revenue: $62K. No red flags identified. Financial health grade: B.
How does Escape From Poverty spend its money?
Escape From Poverty reported $62K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Escape From Poverty tax-deductible?
Escape From Poverty is registered as a tax-exempt nonprofit (EIN: 273893742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Escape From Poverty located?
Escape From Poverty is headquartered in Lafayette, Louisiana and files with the IRS under EIN 273893742. It is classified under NTEE code P99.
How many years of IRS 990 filings does Escape From Poverty have?
Escape From Poverty has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $62K in total revenue.
Filing History
IRS 990 filing history for Escape From Poverty showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Escape From Poverty's revenue has declined by 42.8%, moving from $108K to $62K. Total assets decreased by 58.6% over the same period, from $87K to $36K. Total functional expenses rose by 47.6%, from $72K to $107K. In its most recent filing year (2023), Escape From Poverty reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1K in liabilities against $36K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $107K | $36K | $1K | — | — |
| 2022 | $94K | $101K | $84K | $5K | — | View 990 |
| 2021 | $108K | $72K | $87K | $2K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $107K, and assets of $36K (revenue -34.6% year-over-year).
- 2022: Revenue of $94K, expenses of $101K, and assets of $84K (revenue -12.5% year-over-year).
- 2021: Revenue of $108K, expenses of $72K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Escape From Poverty:
Data Sources and Methodology
This transparency report for Escape From Poverty is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.