Lamb Arts Ltd
Lamb Arts Ltd consistently maintains strong financial health with zero liabilities and no officer compensation.
EIN: 203694629 · Sioux City, IA · NTEE: A20 · Updated: 2026-03-28
Is Lamb Arts Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lamb Arts Ltd directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lamb Arts Ltd
Lamb Arts Ltd (EIN: 203694629) is a nonprofit organization based in Sioux City, IA, classified under NTEE code A20. The organization reported total revenue of $209K and total assets of $927K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lamb Arts Ltd'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 Lamb Arts Ltd with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lamb Arts Ltd allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led model or that compensation is reported under other expense categories.
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 Lamb Arts Ltd's IRS 990 filings:
- Unusually low expenses relative to revenue in some periods, potentially indicating underinvestment in programs or significant reserve building without clear explanation.
- Consistent 0% officer compensation, while positive for efficiency, can sometimes mask how leadership is truly compensated or sustained, warranting deeper inquiry into operational structure.
Strengths
The following positive indicators were identified for Lamb Arts Ltd:
- Consistent financial health with zero reported liabilities across all filings.
- Strong asset growth, particularly in recent years, indicating financial stability and capacity.
- High spending efficiency with expenses consistently well below revenue.
- Excellent transparency with 13 years of consistent IRS 990 filings.
- No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership structure.
Frequently Asked Questions about Lamb Arts Ltd
Is Lamb Arts Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Lamb Arts Ltd (EIN: 203694629) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Lamb Arts Ltd spend its money?
Lamb Arts Ltd directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lamb Arts Ltd tax-deductible?
Lamb Arts Ltd is registered as a tax-exempt nonprofit (EIN: 203694629). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lamb Arts Ltd manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings suggests that the organization is either entirely volunteer-run at the executive level or that executive salaries are categorized differently within their expense reporting, which would warrant further investigation for complete clarity.
What is the primary driver of the significant asset growth, especially in 2023?
Assets grew from $1,192,948 in 2022 to $2,616,199 in 2023, a substantial increase. This growth is likely driven by the organization consistently having revenues significantly exceeding expenses (e.g., $470,555 revenue vs. $214,007 expenses in 2023), allowing for accumulation of reserves or investments.
Does the organization have a fundraising department or significant fundraising expenses?
Given the consistent reporting of 0% officer compensation and the overall spending efficiency, it's highly probable that fundraising efforts are either integrated into administrative functions, volunteer-driven, or represent a very small portion of overall expenses, as there's no indication of a dedicated, compensated fundraising team.
Filing History
IRS 990 filing history for Lamb Arts Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lamb Arts Ltd's revenue has grown by 247.6%, moving from $135K to $471K. Total assets increased by 274999.8% over the same period, from $951 to $2.6M. Total functional expenses rose by 52.5%, from $140K to $214K. In its most recent filing year (2023), Lamb Arts Ltd reported a surplus of $257K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $471K | $214K | $2.6M | $0 | — | — |
| 2022 | $513K | $276K | $1.2M | $0 | — | — |
| 2021 | $526K | $175K | $1.4M | $0 | — | View 990 |
| 2020 | $545K | $289K | $1.0M | $0 | — | — |
| 2019 | $496K | $316K | $744K | $0 | — | View 990 |
| 2018 | $396K | $238K | $564K | $0 | — | View 990 |
| 2017 | $241K | $217K | $54K | $0 | — | View 990 |
| 2016 | $235K | $204K | $31K | $0 | — | View 990 |
| 2015 | $225K | $253K | $-443 | $0 | — | View 990 |
| 2014 | $271K | $253K | $27K | $0 | — | View 990 |
| 2013 | $363K | $364K | $46K | $44K | — | View 990 |
| 2012 | $316K | $314K | $2K | $0 | — | View 990 |
| 2011 | $135K | $140K | $951 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $471K, expenses of $214K, and assets of $2.6M (revenue -8.3% year-over-year).
- 2022: Revenue of $513K, expenses of $276K, and assets of $1.2M (revenue -2.6% year-over-year).
- 2021: Revenue of $526K, expenses of $175K, and assets of $1.4M (revenue -3.4% year-over-year).
- 2020: Revenue of $545K, expenses of $289K, and assets of $1.0M (revenue +9.8% year-over-year).
- 2019: Revenue of $496K, expenses of $316K, and assets of $744K (revenue +25.3% year-over-year).
- 2018: Revenue of $396K, expenses of $238K, and assets of $564K (revenue +64.1% year-over-year).
- 2017: Revenue of $241K, expenses of $217K, and assets of $54K (revenue +2.9% year-over-year).
- 2016: Revenue of $235K, expenses of $204K, and assets of $31K (revenue +4.2% year-over-year).
- 2015: Revenue of $225K, expenses of $253K, and assets of $-443 (revenue -16.9% year-over-year).
- 2014: Revenue of $271K, expenses of $253K, and assets of $27K (revenue -25.5% year-over-year).
- 2013: Revenue of $363K, expenses of $364K, and assets of $46K (revenue +15.0% year-over-year).
- 2012: Revenue of $316K, expenses of $314K, and assets of $2K (revenue +133.3% year-over-year).
- 2011: Revenue of $135K, expenses of $140K, and assets of $951.
Data Sources and Methodology
This transparency report for Lamb Arts Ltd 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.