International Organization Of Lace Inc
EIN: 840824544 · Kingston Spgs, TN · NTEE: A82Z
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $147K |
| Net Assets | $293K |
Is International Organization Of Lace Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About International Organization Of Lace Inc
International Organization Of Lace Inc (EIN: 840824544) is a nonprofit organization based in Kingston Spgs, TN, classified under NTEE code A82Z. The organization reported total revenue of $161K and total assets of $442K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Organization Of Lace Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Organization Of Lace Inc is a small nonprofit that has been operating for 45 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $147K |
| Surplus / Deficit | $-6,941 |
| Total Assets | $405K |
| Total Liabilities | $112K |
| Net Assets | $293K |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 27.6% |
| Months of Reserves | 33.0 months |
Financial Health Grade: B
In 2023, International Organization Of Lace Inc reported a deficit of $7K with expenses exceeding revenue, holds 33.0 months of operating reserves (strong position), has a debt-to-asset ratio of 27.6% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), International Organization Of Lace Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +238.8% | +213.5% | +0.1% |
| 2022 | -40.0% | +19.1% | +32.5% |
| 2021 | -62.6% | -77.0% | +10.7% |
| 2020 | +14.0% | +5.3% | -30.9% |
| 2019 | -16.5% | -3.3% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for International Organization Of Lace Inc 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 International Organization Of Lace Inc 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 $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.6%.
Frequently Asked Questions about International Organization Of Lace Inc
Is International Organization Of Lace Inc a legitimate charity?
International Organization Of Lace Inc (EIN: 840824544) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $161K. No red flags identified. Financial health grade: B.
How does International Organization Of Lace Inc spend its money?
International Organization Of Lace Inc reported $161K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to International Organization Of Lace Inc tax-deductible?
International Organization Of Lace Inc is registered as a tax-exempt nonprofit (EIN: 840824544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is International Organization Of Lace Inc located?
International Organization Of Lace Inc is headquartered in Kingston Spgs, Tennessee and files with the IRS under EIN 840824544. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does International Organization Of Lace Inc have?
International Organization Of Lace Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $161K in total revenue.
Filing History
IRS 990 filing history for International Organization Of Lace Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), International Organization Of Lace Inc's revenue has declined by 24.9%, moving from $187K to $140K. Total assets increased by 32.5% over the same period, from $306K to $405K. Total functional expenses fell by 12.6%, from $169K to $147K. In its most recent filing year (2023), International Organization Of Lace Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $112K in liabilities against $405K in assets (debt-to-asset ratio: 27.6%), resulting in net assets of $293K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $140K | $147K | $405K | $112K | — | View 990 |
| 2022 | $41K | $47K | $405K | $105K | — | — |
| 2021 | $69K | $39K | $306K | $0 | — | — |
| 2020 | $185K | $172K | $276K | $0 | — | View 990 |
| 2019 | $162K | $163K | $399K | $136K | — | View 990 |
| 2018 | $194K | $169K | $370K | $105K | — | View 990 |
| 2017 | $155K | $144K | $387K | $147K | — | View 990 |
| 2016 | $183K | $159K | $340K | $112K | — | View 990 |
| 2015 | $175K | $150K | $336K | $131K | — | — |
| 2014 | $187K | $169K | $306K | $126K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $140K, expenses of $147K, and assets of $405K (revenue +238.8% year-over-year).
- 2022: Revenue of $41K, expenses of $47K, and assets of $405K (revenue -40.0% year-over-year).
- 2021: Revenue of $69K, expenses of $39K, and assets of $306K (revenue -62.6% year-over-year).
- 2020: Revenue of $185K, expenses of $172K, and assets of $276K (revenue +14.0% year-over-year).
- 2019: Revenue of $162K, expenses of $163K, and assets of $399K (revenue -16.5% year-over-year).
- 2018: Revenue of $194K, expenses of $169K, and assets of $370K (revenue +25.2% year-over-year).
- 2017: Revenue of $155K, expenses of $144K, and assets of $387K (revenue -15.3% year-over-year).
- 2016: Revenue of $183K, expenses of $159K, and assets of $340K (revenue +4.5% year-over-year).
- 2015: Revenue of $175K, expenses of $150K, and assets of $336K (revenue -6.4% year-over-year).
- 2014: Revenue of $187K, expenses of $169K, and assets of $306K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Organization Of Lace Inc:
Data Sources and Methodology
This transparency report for International Organization Of Lace Inc 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.