Laba Foundation
EIN: 330707257 · Kamas, UT · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $29K |
| Net Assets | $203K |
Is Laba Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laba Foundation
Laba Foundation (EIN: 330707257) is a nonprofit organization based in Kamas, UT, classified under NTEE code T20. The organization reported total revenue of $25K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laba Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laba Foundation is a micro nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $29K |
| Surplus / Deficit | $-5,428 |
| Total Assets | $206K |
| Total Liabilities | $4K |
| Net Assets | $203K |
| Operating Margin | -23.1% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 85.5 months |
Financial Health Grade: B
In 2023, Laba Foundation reported a deficit of $5K with expenses exceeding revenue, holds 85.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Laba Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | -3.3% | -2.4% |
| 2022 | +13.2% | +6.6% | -0.9% |
| 2021 | -27.0% | -21.2% | -3.4% |
| 2020 | +83.5% | +42.0% | -1.6% |
| 2019 | +112.7% | +26.6% | -12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laba Foundation 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 Laba Foundation 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Laba Foundation
Is Laba Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Laba Foundation (EIN: 330707257) insufficient data. 0 red flags identified, 0 strengths noted.
How does Laba Foundation spend its money?
Detailed spending breakdown data is not yet available for Laba Foundation. Check back for updated IRS 990 analysis.
Are donations to Laba Foundation tax-deductible?
Laba Foundation is registered as a tax-exempt nonprofit (EIN: 330707257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laba Foundation located?
Laba Foundation is headquartered in Kamas, Utah and files with the IRS under EIN 330707257. It is classified under NTEE code T20.
How many years of IRS 990 filings does Laba Foundation have?
Laba Foundation 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 $25K in total revenue.
Filing History
IRS 990 filing history for Laba Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Laba Foundation's revenue has grown by 11.2%, moving from $21K to $23K. Total assets decreased by 37.3% over the same period, from $329K to $206K. Total functional expenses fell by 51.1%, from $59K to $29K. In its most recent filing year (2023), Laba Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $4K in liabilities against $206K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $29K | $206K | $4K | — | — |
| 2022 | $26K | $30K | $211K | $3K | — | — |
| 2021 | $23K | $28K | $213K | $1K | — | — |
| 2020 | $31K | $36K | $221K | $3K | — | View 990 |
| 2019 | $17K | $25K | $224K | $2K | — | View 990 |
| 2015 | $8K | $20K | $255K | $1 | — | View 990 |
| 2014 | $25K | $29K | $267K | $0 | — | View 990 |
| 2013 | $19K | $49K | $272K | $500 | — | View 990 |
| 2012 | $18K | $46K | $301K | $500 | — | View 990 |
| 2011 | $21K | $59K | $329K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $29K, and assets of $206K (revenue -9.0% year-over-year).
- 2022: Revenue of $26K, expenses of $30K, and assets of $211K (revenue +13.2% year-over-year).
- 2021: Revenue of $23K, expenses of $28K, and assets of $213K (revenue -27.0% year-over-year).
- 2020: Revenue of $31K, expenses of $36K, and assets of $221K (revenue +83.5% year-over-year).
- 2019: Revenue of $17K, expenses of $25K, and assets of $224K (revenue +112.7% year-over-year).
- 2015: Revenue of $8K, expenses of $20K, and assets of $255K (revenue -67.6% year-over-year).
- 2014: Revenue of $25K, expenses of $29K, and assets of $267K (revenue +27.6% year-over-year).
- 2013: Revenue of $19K, expenses of $49K, and assets of $272K (revenue +5.4% year-over-year).
- 2012: Revenue of $18K, expenses of $46K, and assets of $301K (revenue -13.0% year-over-year).
- 2011: Revenue of $21K, expenses of $59K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laba Foundation:
Data Sources and Methodology
This transparency report for Laba Foundation 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.