L Hollingworth School For Talented And Gifted
EIN: 262396800 · Toledo, OH · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $4.6M |
| Net Assets | $1.6M |
Is L Hollingworth School For Talented And Gifted Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About L Hollingworth School For Talented And Gifted
L Hollingworth School For Talented And Gifted (EIN: 262396800) is a nonprofit organization based in Toledo, OH, classified under NTEE code B29. The organization reported total revenue of $5.7M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L Hollingworth School For Talented And Gifted's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L Hollingworth School For Talented And Gifted is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-62,311 |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | -1.4% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, L Hollingworth School For Talented And Gifted reported a deficit of $62K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), L Hollingworth School For Talented And Gifted's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | +21.3% | -3.6% |
| 2022 | +30.8% | +11.0% | +136.1% |
| 2021 | -5.3% | -4.2% | +49.7% |
| 2020 | +14.0% | +0.2% | +159.2% |
| 2019 | -4.6% | +2.3% | -46.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for L Hollingworth School For Talented And Gifted 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 L Hollingworth School For Talented And Gifted 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 $62K, with expenses exceeding revenue.
Frequently Asked Questions about L Hollingworth School For Talented And Gifted
Is L Hollingworth School For Talented And Gifted a legitimate charity?
L Hollingworth School For Talented And Gifted (EIN: 262396800) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $5.7M. No red flags identified. Financial health grade: B.
How does L Hollingworth School For Talented And Gifted spend its money?
L Hollingworth School For Talented And Gifted reported $5.7M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to L Hollingworth School For Talented And Gifted tax-deductible?
L Hollingworth School For Talented And Gifted is registered as a tax-exempt nonprofit (EIN: 262396800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is L Hollingworth School For Talented And Gifted located?
L Hollingworth School For Talented And Gifted is headquartered in Toledo, Ohio and files with the IRS under EIN 262396800. It is classified under NTEE code B29.
How many years of IRS 990 filings does L Hollingworth School For Talented And Gifted have?
L Hollingworth School For Talented And Gifted has 13 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 $5.7M in total revenue.
Filing History
IRS 990 filing history for L Hollingworth School For Talented And Gifted showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), L Hollingworth School For Talented And Gifted's revenue has grown by 154.1%, moving from $1.8M to $4.5M. Total assets increased by 310.1% over the same period, from $401K to $1.6M. Total functional expenses rose by 202.5%, from $1.5M to $4.6M. In its most recent filing year (2023), L Hollingworth School For Talented And Gifted reported a deficit of $62K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.6M | $1.6M | $0 | — | View 990 |
| 2022 | $4.7M | $3.8M | $1.7M | $0 | — | View 990 |
| 2021 | $3.6M | $3.4M | $724K | $0 | — | View 990 |
| 2020 | $3.8M | $3.5M | $483K | $0 | — | View 990 |
| 2019 | $3.4M | $3.5M | $186K | $0 | — | View 990 |
| 2018 | $3.5M | $3.4M | $350K | $0 | — | View 990 |
| 2017 | $3.4M | $3.7M | $275K | $0 | — | View 990 |
| 2016 | $3.2M | $3.1M | $512K | $0 | — | View 990 |
| 2015 | $3.1M | $2.9M | $407K | $0 | — | View 990 |
| 2014 | $4.9M | $5.5M | $194K | $0 | — | View 990 |
| 2013 | $1.9M | $1.9M | $792K | $0 | — | View 990 |
| 2012 | $1.9M | $1.5M | $758K | $0 | — | View 990 |
| 2011 | $1.8M | $1.5M | $401K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.6M, and assets of $1.6M (revenue -5.2% year-over-year).
- 2022: Revenue of $4.7M, expenses of $3.8M, and assets of $1.7M (revenue +30.8% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.4M, and assets of $724K (revenue -5.3% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.5M, and assets of $483K (revenue +14.0% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.5M, and assets of $186K (revenue -4.6% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.4M, and assets of $350K (revenue +2.8% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.7M, and assets of $275K (revenue +5.7% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.1M, and assets of $512K (revenue +4.5% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.9M, and assets of $407K (revenue -37.2% year-over-year).
- 2014: Revenue of $4.9M, expenses of $5.5M, and assets of $194K (revenue +155.1% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $792K (revenue +2.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.5M, and assets of $758K (revenue +6.7% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.5M, and assets of $401K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L Hollingworth School For Talented And Gifted:
Data Sources and Methodology
This transparency report for L Hollingworth School For Talented And Gifted 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.