Lamar County Education Foundation Inc
EIN: 721362270 · Hattiesburg, MS · NTEE: B112
| Metric | Value |
|---|---|
| Total Revenue | $254K |
| Total Expenses | $385K |
| Net Assets | $523K |
Is Lamar County Education Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lamar County Education Foundation Inc
Lamar County Education Foundation Inc (EIN: 721362270) is a nonprofit organization based in Hattiesburg, MS, classified under NTEE code B112. The organization reported total revenue of $254K and total assets of $544K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lamar County Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lamar County Education Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $302K |
| Total Expenses | $385K |
| Surplus / Deficit | $-82,928 |
| Total Assets | $524K |
| Total Liabilities | $360 |
| Net Assets | $523K |
| Operating Margin | -27.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 16.3 months |
Financial Health Grade: B
In 2023, Lamar County Education Foundation Inc reported a deficit of $83K with expenses exceeding revenue, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lamar County Education Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | -22.0% | -13.7% |
| 2022 | +66.8% | +277.5% | -16.8% |
| 2021 | +30.7% | +15.5% | +14.4% |
| 2020 | -52.8% | -50.8% | +9.8% |
| 2019 | +20.2% | +23.9% | +28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lamar County Education Foundation 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 Lamar County Education Foundation 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 deficit of $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Lamar County Education Foundation Inc
Is Lamar County Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lamar County Education Foundation Inc (EIN: 721362270) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lamar County Education Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Lamar County Education Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Lamar County Education Foundation Inc tax-deductible?
Lamar County Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 721362270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lamar County Education Foundation Inc located?
Lamar County Education Foundation Inc is headquartered in Hattiesburg, Mississippi and files with the IRS under EIN 721362270. It is classified under NTEE code B112.
How many years of IRS 990 filings does Lamar County Education Foundation Inc have?
Lamar County Education Foundation Inc has 13 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 $254K in total revenue.
Filing History
IRS 990 filing history for Lamar County Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lamar County Education Foundation Inc's revenue has grown by 501.3%, moving from $50K to $302K. Total assets increased by 330.7% over the same period, from $122K to $524K. Total functional expenses rose by 551.6%, from $59K to $385K. In its most recent filing year (2023), Lamar County Education Foundation Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $360 in liabilities against $524K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $523K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $302K | $385K | $524K | $360 | — | View 990 |
| 2022 | $371K | $493K | $607K | $360 | — | View 990 |
| 2021 | $222K | $131K | $729K | $360 | — | — |
| 2020 | $170K | $113K | $637K | $360 | — | — |
| 2019 | $360K | $230K | $581K | $361 | — | View 990 |
| 2018 | $299K | $186K | $451K | $361 | — | View 990 |
| 2017 | $285K | $109K | $337K | $361 | — | View 990 |
| 2016 | $61K | $109K | $160K | $360 | — | View 990 |
| 2015 | $112K | $69K | $208K | $360 | — | View 990 |
| 2014 | $141K | $110K | $165K | $360 | — | View 990 |
| 2013 | $71K | $59K | $135K | $360 | — | View 990 |
| 2012 | $56K | $55K | $123K | $0 | — | View 990 |
| 2011 | $50K | $59K | $122K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $302K, expenses of $385K, and assets of $524K (revenue -18.6% year-over-year).
- 2022: Revenue of $371K, expenses of $493K, and assets of $607K (revenue +66.8% year-over-year).
- 2021: Revenue of $222K, expenses of $131K, and assets of $729K (revenue +30.7% year-over-year).
- 2020: Revenue of $170K, expenses of $113K, and assets of $637K (revenue -52.8% year-over-year).
- 2019: Revenue of $360K, expenses of $230K, and assets of $581K (revenue +20.2% year-over-year).
- 2018: Revenue of $299K, expenses of $186K, and assets of $451K (revenue +4.9% year-over-year).
- 2017: Revenue of $285K, expenses of $109K, and assets of $337K (revenue +364.6% year-over-year).
- 2016: Revenue of $61K, expenses of $109K, and assets of $160K (revenue -45.1% year-over-year).
- 2015: Revenue of $112K, expenses of $69K, and assets of $208K (revenue -20.4% year-over-year).
- 2014: Revenue of $141K, expenses of $110K, and assets of $165K (revenue +98.4% year-over-year).
- 2013: Revenue of $71K, expenses of $59K, and assets of $135K (revenue +26.6% year-over-year).
- 2012: Revenue of $56K, expenses of $55K, and assets of $123K (revenue +11.5% year-over-year).
- 2011: Revenue of $50K, expenses of $59K, and assets of $122K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lamar County Education Foundation Inc:
Data Sources and Methodology
This transparency report for Lamar County Education Foundation 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.