Lamorris S Richardson Ministries
Lamorris S Richardson Ministries operates with minimal revenue, consistent assets, and no officer compensation.
EIN: 200021062 · Meridian, MS · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $14K |
| Program Spending | 80% |
| Net Assets | $274K |
| Transparency Score | 75/100 |
Is Lamorris S Richardson Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lamorris S Richardson Ministries directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lamorris S Richardson Ministries
Lamorris S Richardson Ministries (EIN: 200021062) is a nonprofit organization based in Meridian, MS, classified under NTEE code X21. The organization reported total revenue of $18K and total assets of $275K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lamorris S Richardson Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lamorris S Richardson Ministries is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $14K |
| Surplus / Deficit | $-3,494 |
| Total Assets | $274K |
| Net Assets | $274K |
| Operating Margin | -32.7% |
| Months of Reserves | 232.0 months |
Financial Health Grade: B
In 2023, Lamorris S Richardson Ministries reported a deficit of $3K with expenses exceeding revenue, holds 232.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lamorris S Richardson Ministries's revenue has declined at a compound annual growth rate (CAGR) of -12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2621.6% | +498.0% | -1.3% |
| 2022 | -96.6% | -67.5% | -0.7% |
| 2021 | +223.1% | +114.7% | +1.5% |
| 2020 | -88.5% | -88.7% | +0.1% |
| 2019 | +38.7% | +36.1% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
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 Lamorris S Richardson Ministries with a Mission Score of 75 out of 100 (Good). 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, Lamorris S Richardson Ministries 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 deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of any size and suggests a volunteer-led structure.
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 Lamorris S Richardson Ministries's IRS 990 filings:
- Frequent operational deficits where expenses exceed revenue (e.g., 202312, 202212, 201412), raising questions about long-term sustainability without drawing down assets.
- Highly fluctuating and generally low annual revenue, making financial planning and consistent program delivery challenging.
Strengths
The following positive indicators were identified for Lamorris S Richardson Ministries:
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds away from executive pay.
- No reported liabilities, demonstrating a very strong balance sheet and financial stability in terms of debt.
- Consistent asset base over many years, suggesting prudent management of existing resources despite revenue fluctuations.
Frequently Asked Questions about Lamorris S Richardson Ministries
Is Lamorris S Richardson Ministries a legitimate charity?
Lamorris S Richardson Ministries (EIN: 200021062) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $18K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lamorris S Richardson Ministries spend its money?
Lamorris S Richardson Ministries directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lamorris S Richardson Ministries tax-deductible?
Lamorris S Richardson Ministries is registered as a tax-exempt nonprofit (EIN: 200021062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lamorris S Richardson Ministries's spending goes to programs?
Lamorris S Richardson Ministries directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lamorris S Richardson Ministries compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lamorris S Richardson Ministries is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lamorris S Richardson Ministries located?
Lamorris S Richardson Ministries is headquartered in Meridian, Mississippi and files with the IRS under EIN 200021062. It is classified under NTEE code X21.
How many years of IRS 990 filings does Lamorris S Richardson Ministries have?
Lamorris S Richardson Ministries 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 $18K in total revenue.
How does Lamorris S Richardson Ministries sustain its operations given frequent revenue deficits?
The organization's consistent asset base of approximately $270,000-$280,000, despite periods where expenses exceed revenue (e.g., 202312 with $10,696 revenue and $14,190 expenses), suggests it may be drawing from accumulated reserves or receiving non-revenue contributions not fully captured in the 'revenue' line item, or that its expenses are primarily non-cash depreciation.
What are the primary sources of revenue for the organization?
The provided data only shows total revenue figures, which are consistently low, ranging from $393 (202212) to $38,545 (201612). Without further detail from the 990 forms, specific revenue streams cannot be identified.
What are the main program activities of Lamorris S Richardson Ministries?
The NTEE code X21 (Religious Activities) indicates a focus on religious programs, but specific program details are not available from the provided financial summary.
Filing History
IRS 990 filing history for Lamorris S Richardson Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lamorris S Richardson Ministries's revenue has declined by 79.8%, moving from $53K to $11K. Total assets increased by 1847.5% over the same period, from $14K to $274K. Total functional expenses fell by 72.6%, from $52K to $14K. In its most recent filing year (2023), Lamorris S Richardson Ministries reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $14K | $274K | $0 | — | View 990 |
| 2022 | $393 | $2K | $278K | $0 | — | — |
| 2021 | $12K | $7K | $280K | $0 | — | — |
| 2020 | $4K | $3K | $276K | $0 | — | View 990 |
| 2019 | $31K | $30K | $275K | $0 | — | View 990 |
| 2018 | $22K | $22K | $275K | $0 | — | View 990 |
| 2017 | $20K | $19K | $274K | $0 | — | View 990 |
| 2016 | $39K | $25K | $274K | $0 | — | View 990 |
| 2015 | $26K | $25K | $260K | $0 | — | View 990 |
| 2014 | $36K | $84K | $259K | $0 | — | View 990 |
| 2013 | $20K | $17K | $29K | $0 | — | View 990 |
| 2012 | $62K | $49K | $26K | $0 | — | View 990 |
| 2011 | $53K | $52K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $14K, and assets of $274K (revenue +2621.6% year-over-year).
- 2022: Revenue of $393, expenses of $2K, and assets of $278K (revenue -96.6% year-over-year).
- 2021: Revenue of $12K, expenses of $7K, and assets of $280K (revenue +223.1% year-over-year).
- 2020: Revenue of $4K, expenses of $3K, and assets of $276K (revenue -88.5% year-over-year).
- 2019: Revenue of $31K, expenses of $30K, and assets of $275K (revenue +38.7% year-over-year).
- 2018: Revenue of $22K, expenses of $22K, and assets of $275K (revenue +14.2% year-over-year).
- 2017: Revenue of $20K, expenses of $19K, and assets of $274K (revenue -49.1% year-over-year).
- 2016: Revenue of $39K, expenses of $25K, and assets of $274K (revenue +47.2% year-over-year).
- 2015: Revenue of $26K, expenses of $25K, and assets of $260K (revenue -26.9% year-over-year).
- 2014: Revenue of $36K, expenses of $84K, and assets of $259K (revenue +82.9% year-over-year).
- 2013: Revenue of $20K, expenses of $17K, and assets of $29K (revenue -68.1% year-over-year).
- 2012: Revenue of $62K, expenses of $49K, and assets of $26K (revenue +16.2% year-over-year).
- 2011: Revenue of $53K, expenses of $52K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lamorris S Richardson Ministries:
Data Sources and Methodology
This transparency report for Lamorris S Richardson Ministries 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.