Lancer Legacy Inc
EIN: 842851255 · Eldridge, IA · NTEE: N12
Is Lancer Legacy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lancer Legacy Inc
Lancer Legacy Inc (EIN: 842851255) is a nonprofit organization based in Eldridge, IA, classified under NTEE code N12. The organization reported total revenue of $81K and total assets of $129K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lancer Legacy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Lancer Legacy 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 Lancer Legacy 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.
Frequently Asked Questions about Lancer Legacy Inc
Is Lancer Legacy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lancer Legacy Inc (EIN: 842851255) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lancer Legacy Inc spend its money?
Detailed spending breakdown data is not yet available for Lancer Legacy Inc. Check back for updated IRS 990 analysis.
Are donations to Lancer Legacy Inc tax-deductible?
Lancer Legacy Inc is registered as a tax-exempt nonprofit (EIN: 842851255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lancer Legacy Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2020–2024), Lancer Legacy Inc's revenue has declined by 18.5%, moving from $393K to $320K. Total assets decreased by 68% over the same period, from $393K to $126K. Total functional expenses rose by 46663.2%, from $644 to $301K. In its most recent filing year (2024), Lancer Legacy Inc reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $320K | $301K | $126K | $0 | — | View 990 |
| 2023 | $106 | $485 | $106K | $0 | — | View 990 |
| 2022 | $64K | $105K | $107K | $0 | — | View 990 |
| 2021 | $565 | $158K | $235K | $0 | — | View 990 |
| 2020 | $393K | $644 | $393K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $320K, expenses of $301K, and assets of $126K (revenue +302242.5% year-over-year).
- 2023: Revenue of $106, expenses of $485, and assets of $106K (revenue -99.8% year-over-year).
- 2022: Revenue of $64K, expenses of $105K, and assets of $107K (revenue +11283.0% year-over-year).
- 2021: Revenue of $565, expenses of $158K, and assets of $235K (revenue -99.9% year-over-year).
- 2020: Revenue of $393K, expenses of $644, and assets of $393K.
Data Sources and Methodology
This transparency report for Lancer Legacy 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.