Ladacin Network Inc
Ladacin Network Inc. shows consistent revenue growth and asset accumulation, with undisclosed executive compensation.
EIN: 210674715 · Ocean, NJ · NTEE: G200 · Updated: 2026-03-28
Is Ladacin Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ladacin Network Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ladacin Network Inc
Ladacin Network Inc (EIN: 210674715) is a nonprofit organization based in Ocean, NJ, classified under NTEE code G200. The organization reported total revenue of $37.0M and total assets of $30.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ladacin Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ladacin Network Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ladacin Network Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Ladacin Network Inc. consistently reports 0% officer compensation across all available IRS 990 filings, which is unusual for an organization with annual revenues exceeding $30 million. This lack of reported compensation raises questions about the true compensation structure for its leadership.
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 Ladacin Network Inc's IRS 990 filings:
- Consistent 0% officer compensation reported on IRS 990s, which is unusual for an organization of this size and revenue, potentially indicating a lack of transparency regarding executive pay.
Strengths
The following positive indicators were identified for Ladacin Network Inc:
- Consistent revenue growth over the past decade, from $23,190,895 in 2014 to $32,275,164 in 2023.
- Healthy asset growth, nearly doubling from $12,227,346 in 2014 to $24,926,387 in 2023.
- Regularly generates a surplus, with revenues exceeding expenses in most reported periods (e.g., $1,753,472 surplus in 2023).
Frequently Asked Questions about Ladacin Network Inc
Is Ladacin Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ladacin Network Inc (EIN: 210674715) some concerns. Mission Score: 70/100. 1 red flag identified, 3 strengths noted.
How does Ladacin Network Inc spend its money?
Ladacin Network Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ladacin Network Inc tax-deductible?
Ladacin Network Inc is registered as a tax-exempt nonprofit (EIN: 210674715). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ladacin Network Inc. financially stable?
Yes, Ladacin Network Inc. appears financially stable, consistently generating surpluses (e.g., $32,275,164 revenue vs. $30,521,692 expenses in 2023) and growing its assets from $12,227,346 in 2014 to $24,926,387 in 2023.
How does Ladacin Network Inc. compensate its executives?
The IRS 990 filings for Ladacin Network Inc. consistently report 0% officer compensation, which means executive compensation is not disclosed through this standard reporting mechanism. Further inquiry would be needed to understand their compensation practices.
Has Ladacin Network Inc. been growing?
Yes, Ladacin Network Inc. has shown significant growth, with revenue increasing from $23,190,895 in 2014 to $32,275,164 in 2023, and assets nearly doubling over the same period.
Filing History
IRS 990 filing history for Ladacin Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ladacin Network Inc's revenue has grown by 58.4%, moving from $20.4M to $32.3M. Total assets increased by 99.5% over the same period, from $12.5M to $24.9M. Total functional expenses rose by 53.3%, from $19.9M to $30.5M. In its most recent filing year (2023), Ladacin Network Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $6.2M in liabilities against $24.9M in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $18.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $32.3M | $30.5M | $24.9M | $6.2M | — | View 990 |
| 2022 | $30.5M | $26.6M | $23.4M | $7.3M | — | View 990 |
| 2021 | $28.7M | $24.7M | $18.6M | $4.8M | — | View 990 |
| 2020 | $28.6M | $27.2M | $15.2M | $7.7M | — | View 990 |
| 2019 | $28.1M | $27.2M | $14.1M | $8.6M | — | View 990 |
| 2018 | $25.8M | $25.8M | $12.4M | $7.7M | — | View 990 |
| 2017 | $25.2M | $25.0M | $12.1M | $7.7M | — | View 990 |
| 2016 | $24.9M | $24.6M | $12.3M | $8.6M | — | View 990 |
| 2015 | $24.5M | $24.4M | $11.9M | $6.4M | — | View 990 |
| 2014 | $23.2M | $23.5M | $12.2M | $7.2M | — | View 990 |
| 2013 | $22.6M | $21.3M | $12.8M | $7.7M | — | View 990 |
| 2012 | $21.3M | $20.9M | $11.8M | $8.4M | — | View 990 |
| 2011 | $20.4M | $19.9M | $12.5M | $7.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.3M, expenses of $30.5M, and assets of $24.9M (revenue +5.9% year-over-year).
- 2022: Revenue of $30.5M, expenses of $26.6M, and assets of $23.4M (revenue +6.2% year-over-year).
- 2021: Revenue of $28.7M, expenses of $24.7M, and assets of $18.6M (revenue +0.3% year-over-year).
- 2020: Revenue of $28.6M, expenses of $27.2M, and assets of $15.2M (revenue +1.7% year-over-year).
- 2019: Revenue of $28.1M, expenses of $27.2M, and assets of $14.1M (revenue +9.0% year-over-year).
- 2018: Revenue of $25.8M, expenses of $25.8M, and assets of $12.4M (revenue +2.1% year-over-year).
- 2017: Revenue of $25.2M, expenses of $25.0M, and assets of $12.1M (revenue +1.3% year-over-year).
- 2016: Revenue of $24.9M, expenses of $24.6M, and assets of $12.3M (revenue +1.9% year-over-year).
- 2015: Revenue of $24.5M, expenses of $24.4M, and assets of $11.9M (revenue +5.4% year-over-year).
- 2014: Revenue of $23.2M, expenses of $23.5M, and assets of $12.2M (revenue +2.6% year-over-year).
- 2013: Revenue of $22.6M, expenses of $21.3M, and assets of $12.8M (revenue +6.1% year-over-year).
- 2012: Revenue of $21.3M, expenses of $20.9M, and assets of $11.8M (revenue +4.6% year-over-year).
- 2011: Revenue of $20.4M, expenses of $19.9M, and assets of $12.5M.
Data Sources and Methodology
This transparency report for Ladacin Network 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.