Lafayette Square Area Coalition Inc
Lafayette Square Area Coalition Inc shows significant asset growth and no reported officer compensation, despite fluctuating revenues.
EIN: 204008623 · Indianapolis, IN · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $871K |
| Total Expenses | $565K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $997K |
| Transparency Score | 85/100 |
Is Lafayette Square Area Coalition Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lafayette Square Area Coalition Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lafayette Square Area Coalition Inc
Lafayette Square Area Coalition Inc (EIN: 204008623) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code P20. The organization reported total revenue of $871K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lafayette Square Area Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lafayette Square Area Coalition Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $649K |
| Total Expenses | $565K |
| Surplus / Deficit | +$84K |
| Total Assets | $1.6M |
| Total Liabilities | $585K |
| Net Assets | $997K |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 37.0% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Lafayette Square Area Coalition Inc reported a surplus of $84K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 37.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Lafayette Square Area Coalition Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.6% | -12.7% | +14.5% |
| 2022 | -75.2% | -18.0% | +15.0% |
| 2021 | +171.9% | +73.7% | +11.6% |
| 2020 | -9.1% | +5.6% | -77.3% |
| 2019 | -25.3% | -48.8% | +7454.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lafayette Square Area Coalition Inc with a Mission Score of 85 out of 100 (Excellent). 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, Lafayette Square Area Coalition Inc 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 surplus of $84K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with revenues reaching $1.6 million in 2021.
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 Lafayette Square Area Coalition Inc's IRS 990 filings:
- Significant unexplained asset decrease from $4,740,125 in 2019 to $1,075,860 in 2020.
Strengths
The following positive indicators were identified for Lafayette Square Area Coalition Inc:
- Consistent 0% officer compensation, indicating strong financial stewardship and dedication to mission.
- Significant asset growth over the long term, from $9,564 in 2014 to $1,581,633 in 2023.
- Positive net assets in most recent filing ($1,581,633 assets vs. $584,851 liabilities in 2023).
Frequently Asked Questions about Lafayette Square Area Coalition Inc
Is Lafayette Square Area Coalition Inc a legitimate charity?
Lafayette Square Area Coalition Inc (EIN: 204008623) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $871K. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Lafayette Square Area Coalition Inc spend its money?
Lafayette Square Area Coalition Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lafayette Square Area Coalition Inc tax-deductible?
Lafayette Square Area Coalition Inc is registered as a tax-exempt nonprofit (EIN: 204008623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lafayette Square Area Coalition Inc CEO make?
Lafayette Square Area Coalition Inc's highest-compensated officer earns $1.6 annually. The organization reported $871K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lafayette Square Area Coalition Inc's spending goes to programs?
Lafayette Square Area Coalition Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lafayette Square Area Coalition Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lafayette Square Area Coalition Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lafayette Square Area Coalition Inc located?
Lafayette Square Area Coalition Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 204008623. It is classified under NTEE code P20.
How many years of IRS 990 filings does Lafayette Square Area Coalition Inc have?
Lafayette Square Area Coalition Inc 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 $871K in total revenue.
What caused the significant drop in assets from $4,740,125 in 2019 to $1,075,860 in 2020?
The provided IRS 990 data does not specify the reason for this substantial decrease in assets. It could be due to the sale of a major asset, a reclassification of funds, or a significant investment in programs not reflected as assets.
How does Lafayette Square Area Coalition Inc manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, such as contractor fees, or that the organization has a very lean administrative structure.
What is the primary source of the organization's revenue fluctuations, such as the peak of $1,640,827 in 2021?
The IRS 990 data does not detail revenue sources. Fluctuations could be due to varying grant cycles, large one-time donations, or changes in program funding.
Filing History
IRS 990 filing history for Lafayette Square Area Coalition Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Lafayette Square Area Coalition Inc's revenue has grown by 427.6%, moving from $123K to $649K. Total assets increased by 3027.2% over the same period, from $51K to $1.6M. Total functional expenses rose by 511.7%, from $92K to $565K. In its most recent filing year (2023), Lafayette Square Area Coalition Inc reported a surplus of $84K, with revenue exceeding expenses. The organization holds $585K in liabilities against $1.6M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $997K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $649K | $565K | $1.6M | $585K | — | — |
| 2022 | $406K | $647K | $1.4M | $471K | — | View 990 |
| 2021 | $1.6M | $789K | $1.2M | $50K | — | View 990 |
| 2020 | $604K | $455K | $1.1M | $777K | — | — |
| 2019 | $664K | $431K | $4.7M | $4.3M | — | View 990 |
| 2018 | $889K | $841K | $63K | $23K | — | View 990 |
| 2016 | $366K | $446K | $20K | $0 | — | View 990 |
| 2015 | $183K | $129K | $66K | $2K | — | View 990 |
| 2014 | $52K | $90K | $10K | $10 | — | View 990 |
| 2013 | $89K | $77K | $48K | $10 | — | View 990 |
| 2012 | $110K | $127K | $33K | $0 | — | View 990 |
| 2011 | $123K | $92K | $51K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $649K, expenses of $565K, and assets of $1.6M (revenue +59.6% year-over-year).
- 2022: Revenue of $406K, expenses of $647K, and assets of $1.4M (revenue -75.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $789K, and assets of $1.2M (revenue +171.9% year-over-year).
- 2020: Revenue of $604K, expenses of $455K, and assets of $1.1M (revenue -9.1% year-over-year).
- 2019: Revenue of $664K, expenses of $431K, and assets of $4.7M (revenue -25.3% year-over-year).
- 2018: Revenue of $889K, expenses of $841K, and assets of $63K (revenue +142.6% year-over-year).
- 2016: Revenue of $366K, expenses of $446K, and assets of $20K (revenue +99.7% year-over-year).
- 2015: Revenue of $183K, expenses of $129K, and assets of $66K (revenue +253.0% year-over-year).
- 2014: Revenue of $52K, expenses of $90K, and assets of $10K (revenue -41.4% year-over-year).
- 2013: Revenue of $89K, expenses of $77K, and assets of $48K (revenue -19.1% year-over-year).
- 2012: Revenue of $110K, expenses of $127K, and assets of $33K (revenue -10.9% year-over-year).
- 2011: Revenue of $123K, expenses of $92K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lafayette Square Area Coalition Inc:
Data Sources and Methodology
This transparency report for Lafayette Square Area Coalition 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.