Lafourche Arc Properties Inc
EIN: 383824079 · Thibodaux, LA · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $65K |
| Total Expenses | $37K |
| Net Assets | $22K |
Is Lafourche Arc Properties Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lafourche Arc Properties Inc
Lafourche Arc Properties Inc (EIN: 383824079) is a nonprofit organization based in Thibodaux, LA, classified under NTEE code T20. The organization reported total revenue of $65K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lafourche Arc Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lafourche Arc Properties Inc is a micro nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 232.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $37K |
| Surplus / Deficit | +$13K |
| Total Assets | $37K |
| Total Liabilities | $15K |
| Net Assets | $22K |
| Operating Margin | 25.6% |
| Debt-to-Asset Ratio | 40.8% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Lafourche Arc Properties Inc reported a surplus of $13K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 40.8% (moderate leverage).
Financial Trends
Over 8 years of filings (2014–2023), Lafourche Arc Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 232.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.4% | +22.1% | +6.5% |
| 2022 | -13.5% | -22.3% | +38.2% |
| 2021 | -13.1% | +8.6% | -11.4% |
| 2020 | +3.0% | +0.8% | +5.2% |
| 2019 | +0.9% | +6.1% | +39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lafourche Arc Properties Inc 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 Lafourche Arc Properties Inc 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 surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.8%.
Frequently Asked Questions about Lafourche Arc Properties Inc
Is Lafourche Arc Properties Inc a legitimate charity?
Lafourche Arc Properties Inc (EIN: 383824079) is a registered tax-exempt nonprofit based in Louisiana. It has 8 years of IRS 990 filings on record. Total revenue: $65K. No red flags identified. Financial health grade: A.
How does Lafourche Arc Properties Inc spend its money?
Lafourche Arc Properties Inc reported $65K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lafourche Arc Properties Inc tax-deductible?
Lafourche Arc Properties Inc is registered as a tax-exempt nonprofit (EIN: 383824079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lafourche Arc Properties Inc located?
Lafourche Arc Properties Inc is headquartered in Thibodaux, Louisiana and files with the IRS under EIN 383824079. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lafourche Arc Properties Inc have?
Lafourche Arc Properties Inc has 8 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 $65K in total revenue.
Filing History
IRS 990 filing history for Lafourche Arc Properties Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2014–2023), Lafourche Arc Properties Inc's revenue has grown by 5019100%, moving from $1 to $50K. Total assets increased by 3725500% over the same period, from $1 to $37K. In its most recent filing year (2023), Lafourche Arc Properties Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $15K in liabilities against $37K in assets (debt-to-asset ratio: 40.8%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $37K | $37K | $15K | — | View 990 |
| 2022 | $32K | $31K | $35K | $26K | — | — |
| 2021 | $37K | $39K | $25K | $18K | — | View 990 |
| 2020 | $43K | $36K | $29K | $19K | — | View 990 |
| 2019 | $42K | $36K | $27K | $24K | — | View 990 |
| 2016 | $41K | $34K | $20K | $28K | — | View 990 |
| 2015 | $6K | $22K | $14K | $30K | — | View 990 |
| 2014 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $37K, and assets of $37K (revenue +55.4% year-over-year).
- 2022: Revenue of $32K, expenses of $31K, and assets of $35K (revenue -13.5% year-over-year).
- 2021: Revenue of $37K, expenses of $39K, and assets of $25K (revenue -13.1% year-over-year).
- 2020: Revenue of $43K, expenses of $36K, and assets of $29K (revenue +3.0% year-over-year).
- 2019: Revenue of $42K, expenses of $36K, and assets of $27K (revenue +0.9% year-over-year).
- 2016: Revenue of $41K, expenses of $34K, and assets of $20K (revenue +632.9% year-over-year).
- 2015: Revenue of $6K, expenses of $22K, and assets of $14K (revenue +563900.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lafourche Arc Properties Inc:
Data Sources and Methodology
This transparency report for Lafourche Arc Properties 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.