Laguna Madre Humane Society
EIN: 742662755 · Port Isabel, TX · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $834K |
| Total Expenses | $806K |
| Net Assets | $-17,941 |
Is Laguna Madre Humane Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laguna Madre Humane Society
Laguna Madre Humane Society (EIN: 742662755) is a nonprofit organization based in Port Isabel, TX, classified under NTEE code D20. The organization reported total revenue of $834K and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laguna Madre Humane Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laguna Madre Humane Society is a small nonprofit that has been operating for 6 years, with 10 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $692K |
| Total Expenses | $806K |
| Surplus / Deficit | $-114,320 |
| Total Assets | $162K |
| Total Liabilities | $180K |
| Net Assets | $-17,941 |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 111.1% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2023, Laguna Madre Humane Society reported a deficit of $114K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 111.1% (high leverage).
Financial Trends
Over 10 years of filings (2009–2023), Laguna Madre Humane Society's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +27.5% | -40.4% |
| 2022 | +50.1% | +50.8% | +52.9% |
| 2020 | +23.3% | +17.3% | +335.7% |
| 2019 | +85.4% | +82.5% | -38.5% |
| 2014 | +0.3% | +8.5% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laguna Madre Humane Society 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 Laguna Madre Humane Society 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 $114K, with expenses exceeding revenue.
- Debt-to-asset ratio: 111.1%.
Frequently Asked Questions about Laguna Madre Humane Society
Is Laguna Madre Humane Society a legitimate charity?
Laguna Madre Humane Society (EIN: 742662755) is a registered tax-exempt nonprofit based in Texas. It has 10 years of IRS 990 filings on record. Total revenue: $834K. No red flags identified. Financial health grade: D.
How does Laguna Madre Humane Society spend its money?
Laguna Madre Humane Society reported $834K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Laguna Madre Humane Society tax-deductible?
Laguna Madre Humane Society is registered as a tax-exempt nonprofit (EIN: 742662755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laguna Madre Humane Society located?
Laguna Madre Humane Society is headquartered in Port Isabel, Texas and files with the IRS under EIN 742662755. It is classified under NTEE code D20.
How many years of IRS 990 filings does Laguna Madre Humane Society have?
Laguna Madre Humane Society 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 $834K in total revenue.
Filing History
IRS 990 filing history for Laguna Madre Humane Society showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2009–2023), Laguna Madre Humane Society's revenue has grown by 370%, moving from $147K to $692K. Total assets increased by 73.5% over the same period, from $93K to $162K. Total functional expenses rose by 404.6%, from $160K to $806K. In its most recent filing year (2023), Laguna Madre Humane Society reported a deficit of $114K, with expenses exceeding revenue. The organization holds $180K in liabilities against $162K in assets (debt-to-asset ratio: 111.1%), resulting in net assets of $-17,941.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $692K | $806K | $162K | $180K | — | — |
| 2022 | $661K | $632K | $272K | $160K | — | View 990 |
| 2020 | $441K | $419K | $178K | $151K | — | — |
| 2019 | $357K | $358K | $41K | $57K | — | — |
| 2014 | $193K | $196K | $66K | $0 | — | View 990 |
| 2013 | $192K | $181K | $58K | $0 | — | View 990 |
| 2012 | $42K | $47K | $36K | $0 | — | View 990 |
| 2012 | $141K | $158K | $46K | $0 | — | View 990 |
| 2011 | $197K | $169K | $64K | $0 | — | View 990 |
| 2009 | $147K | $160K | $93K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $692K, expenses of $806K, and assets of $162K (revenue +4.6% year-over-year).
- 2022: Revenue of $661K, expenses of $632K, and assets of $272K (revenue +50.1% year-over-year).
- 2020: Revenue of $441K, expenses of $419K, and assets of $178K (revenue +23.3% year-over-year).
- 2019: Revenue of $357K, expenses of $358K, and assets of $41K (revenue +85.4% year-over-year).
- 2014: Revenue of $193K, expenses of $196K, and assets of $66K (revenue +0.3% year-over-year).
- 2013: Revenue of $192K, expenses of $181K, and assets of $58K (revenue +358.4% year-over-year).
- 2012: Revenue of $42K, expenses of $47K, and assets of $36K (revenue -70.3% year-over-year).
- 2012: Revenue of $141K, expenses of $158K, and assets of $46K (revenue -28.3% year-over-year).
- 2011: Revenue of $197K, expenses of $169K, and assets of $64K (revenue +33.6% year-over-year).
- 2009: Revenue of $147K, expenses of $160K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laguna Madre Humane Society:
Data Sources and Methodology
This transparency report for Laguna Madre Humane Society 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.