Labfour Career Training Institute
EIN: 264178652 · Memphis, TN · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $3.4M |
| Net Assets | $2.1M |
Is Labfour Career Training Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Labfour Career Training Institute
Labfour Career Training Institute (EIN: 264178652) is a nonprofit organization based in Memphis, TN, classified under NTEE code J22. The organization reported total revenue of $2.7M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Labfour Career Training Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Labfour Career Training Institute is a mid-size nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2016–2022). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-638,986 |
| Total Assets | $2.3M |
| Total Liabilities | $170K |
| Net Assets | $2.1M |
| Operating Margin | -23.6% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2022, Labfour Career Training Institute reported a deficit of $639K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 7 years of filings (2016–2022), Labfour Career Training Institute's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -53.9% | -14.0% | — |
| 2021 | +24.6% | +44.5% | — |
| 2020 | +1493.7% | +30.1% | — |
| 2019 | -88.4% | -7.1% | — |
| 2018 | +19.2% | +4.5% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Labfour Career Training Institute 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 Labfour Career Training Institute 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $639K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Frequently Asked Questions about Labfour Career Training Institute
Is Labfour Career Training Institute a legitimate charity?
Labfour Career Training Institute (EIN: 264178652) is a registered tax-exempt nonprofit based in Tennessee. It has 7 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: B.
How does Labfour Career Training Institute spend its money?
Labfour Career Training Institute reported $2.7M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Labfour Career Training Institute tax-deductible?
Labfour Career Training Institute is registered as a tax-exempt nonprofit (EIN: 264178652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Labfour Career Training Institute located?
Labfour Career Training Institute is headquartered in Memphis, Tennessee and files with the IRS under EIN 264178652. It is classified under NTEE code J22.
How many years of IRS 990 filings does Labfour Career Training Institute have?
Labfour Career Training Institute has 7 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Labfour Career Training Institute showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2022), Labfour Career Training Institute's revenue has grown by 64.6%, moving from $1.6M to $2.7M. Total functional expenses rose by 106.1%, from $1.6M to $3.4M. In its most recent filing year (2022), Labfour Career Training Institute reported a deficit of $639K, with expenses exceeding revenue. The organization holds $170K in liabilities against $2.3M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.7M | $3.4M | $2.3M | $170K | — | — |
| 2021 | $5.9M | $3.9M | $0 | $0 | — | View 990 |
| 2020 | $4.7M | $2.7M | $0 | $0 | — | — |
| 2019 | $296K | $2.1M | $0 | $0 | — | View 990 |
| 2018 | $2.5M | $2.2M | $0 | $0 | — | View 990 |
| 2017 | $2.1M | $2.1M | $0 | $0 | — | — |
| 2016 | $1.6M | $1.6M | $0 | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $2.7M, expenses of $3.4M, and assets of $2.3M (revenue -53.9% year-over-year).
- 2021: Revenue of $5.9M, expenses of $3.9M, and assets of $0 (revenue +24.6% year-over-year).
- 2020: Revenue of $4.7M, expenses of $2.7M, and assets of $0 (revenue +1493.7% year-over-year).
- 2019: Revenue of $296K, expenses of $2.1M, and assets of $0 (revenue -88.4% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.2M, and assets of $0 (revenue +19.2% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.1M, and assets of $0 (revenue +29.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Labfour Career Training Institute:
Data Sources and Methodology
This transparency report for Labfour Career Training Institute 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.