Kennedy Center Of Louisiana Llc
Kennedy Center Of Louisiana Llc faces persistent deficits and high liabilities, with declining revenue trends.
EIN: 204395976 · Shreveport, LA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $623K |
| Total Expenses | $1.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-1,030,974 |
| Transparency Score | 35/100 |
Is Kennedy Center Of Louisiana Llc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennedy Center Of Louisiana Llc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennedy Center Of Louisiana Llc
Kennedy Center Of Louisiana Llc (EIN: 204395976) is a nonprofit organization based in Shreveport, LA. The organization reported total revenue of $623K and total assets of $319K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennedy Center Of Louisiana Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennedy Center Of Louisiana Llc is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $893K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-148,070 |
| Total Assets | $248K |
| Total Liabilities | $1.3M |
| Net Assets | $-1,030,974 |
| Operating Margin | -16.6% |
| Debt-to-Asset Ratio | 515.3% |
| Months of Reserves | 2.9 months |
Financial Health Grade: D
In 2023, Kennedy Center Of Louisiana Llc reported a deficit of $148K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 515.3% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Kennedy Center Of Louisiana Llc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | -5.7% | -47.3% |
| 2022 | -21.6% | -3.9% | -74.1% |
| 2021 | +7.4% | +46.2% | +406.1% |
| 2020 | +5.5% | +22.3% | — |
| 2019 | +102.5% | +39.6% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kennedy Center Of Louisiana Llc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kennedy Center Of Louisiana Llc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $148K, with expenses exceeding revenue.
- Debt-to-asset ratio: 515.3%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues approaching $1 million, raising questions about the completeness or accuracy of compensation disclosures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kennedy Center Of Louisiana Llc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., $1,041,464 expenses vs. $893,394 revenue in 2023).
- Liabilities significantly exceed assets (e.g., $1,279,250 liabilities vs. $248,276 assets in 2023).
- Declining revenue trend from historical highs.
- Unknown NTEE code, hindering mission clarity.
- Unusual 0% officer compensation reported across all filings.
Strengths
The following positive indicators were identified for Kennedy Center Of Louisiana Llc:
- Long filing history (12 filings) indicating sustained operation.
- Periods of strong revenue generation in the past (e.g., over $2 million in 2014).
Frequently Asked Questions about Kennedy Center Of Louisiana Llc
Is Kennedy Center Of Louisiana Llc a legitimate charity?
Kennedy Center Of Louisiana Llc (EIN: 204395976) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 35/100. It has 12 years of IRS 990 filings on record. Total revenue: $623K. 5 red flags identified. 2 strengths noted. Financial health grade: D.
How does Kennedy Center Of Louisiana Llc spend its money?
Kennedy Center Of Louisiana Llc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kennedy Center Of Louisiana Llc tax-deductible?
Kennedy Center Of Louisiana Llc is registered as a tax-exempt nonprofit (EIN: 204395976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kennedy Center Of Louisiana Llc CEO make?
Kennedy Center Of Louisiana Llc's highest-compensated officer earns $1 annually. The organization reported $623K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kennedy Center Of Louisiana Llc's spending goes to programs?
Kennedy Center Of Louisiana Llc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kennedy Center Of Louisiana Llc located?
Kennedy Center Of Louisiana Llc is headquartered in Shreveport, Louisiana and files with the IRS under EIN 204395976.
How many years of IRS 990 filings does Kennedy Center Of Louisiana Llc have?
Kennedy Center Of Louisiana Llc has 12 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 $623K in total revenue.
Is Kennedy Center Of Louisiana Llc financially stable?
No, the organization shows significant financial instability with consistent deficit spending in recent years and liabilities far exceeding assets, such as $1,279,250 in liabilities against $248,276 in assets in 2023.
What is the trend in Kennedy Center Of Louisiana Llc's revenue?
Revenue has generally declined from a peak of over $2 million in 2014 to $893,394 in 2023, with notable fluctuations.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and may indicate either a fully volunteer-led structure or a lack of detailed compensation disclosure in the available filings.
What is the organization's NTEE code?
The NTEE code for Kennedy Center Of Louisiana Llc is currently unknown, which limits the ability to categorize its primary mission and compare it to similar organizations.
How has the organization's asset-to-liability ratio changed?
The organization's asset-to-liability ratio has deteriorated significantly, with liabilities substantially outweighing assets in recent years, for example, $1,279,250 in liabilities vs. $248,276 in assets in 2023, compared to periods like 2020 where assets and liabilities were equal.
Filing History
IRS 990 filing history for Kennedy Center Of Louisiana Llc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Kennedy Center Of Louisiana Llc's revenue has declined by 37.3%, moving from $1.4M to $893K. Total assets decreased by 79.1% over the same period, from $1.2M to $248K. Total functional expenses fell by 25.5%, from $1.4M to $1.0M. In its most recent filing year (2023), Kennedy Center Of Louisiana Llc reported a deficit of $148K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $248K in assets (debt-to-asset ratio: 515.3%), resulting in net assets of $-1,030,974.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $893K | $1.0M | $248K | $1.3M | — | — |
| 2022 | $649K | $1.1M | $471K | $1.6M | — | View 990 |
| 2021 | $827K | $1.1M | $1.8M | $1.8M | — | View 990 |
| 2020 | $770K | $786K | $359K | $359K | — | View 990 |
| 2019 | $730K | $643K | $0 | $0 | — | View 990 |
| 2018 | $360K | $460K | $143K | $143K | — | View 990 |
| 2016 | $1.6M | $1.6M | $0 | $0 | — | View 990 |
| 2015 | $2.0M | $1.9M | $0 | $0 | — | View 990 |
| 2014 | $2.0M | $1.7M | $161K | $332K | — | View 990 |
| 2013 | $1.6M | $1.6M | $433K | $557K | — | View 990 |
| 2012 | $1.4M | $1.4M | $492K | $634K | — | View 990 |
| 2011 | $1.4M | $1.4M | $1.2M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $893K, expenses of $1.0M, and assets of $248K (revenue +37.7% year-over-year).
- 2022: Revenue of $649K, expenses of $1.1M, and assets of $471K (revenue -21.6% year-over-year).
- 2021: Revenue of $827K, expenses of $1.1M, and assets of $1.8M (revenue +7.4% year-over-year).
- 2020: Revenue of $770K, expenses of $786K, and assets of $359K (revenue +5.5% year-over-year).
- 2019: Revenue of $730K, expenses of $643K, and assets of $0 (revenue +102.5% year-over-year).
- 2018: Revenue of $360K, expenses of $460K, and assets of $143K (revenue -76.9% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $0 (revenue -19.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $0 (revenue -4.5% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.7M, and assets of $161K (revenue +31.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $433K (revenue +14.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $492K (revenue -4.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennedy Center Of Louisiana Llc:
Data Sources and Methodology
This transparency report for Kennedy Center Of Louisiana Llc 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.