Lantern Medical Clinic
EIN: 262621541 · Jackson, MS · NTEE: E32
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $35K |
| Net Assets | $176K |
Is Lantern Medical Clinic Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lantern Medical Clinic
Lantern Medical Clinic (EIN: 262621541) is a nonprofit organization based in Jackson, MS, classified under NTEE code E32. The organization reported total revenue of $31K and total assets of $176K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lantern Medical Clinic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lantern Medical Clinic is a micro nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -7.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $35K |
| Surplus / Deficit | $-4,426 |
| Total Assets | $176K |
| Net Assets | $176K |
| Operating Margin | -14.5% |
| Months of Reserves | 60.6 months |
Financial Health Grade: B
In 2020, Lantern Medical Clinic reported a deficit of $4K with expenses exceeding revenue, holds 60.6 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2020), Lantern Medical Clinic's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -15.3% | -15.8% | -2.4% |
| 2019 | -8.1% | -6.6% | -2.9% |
| 2018 | -15.8% | -18.4% | -2.7% |
| 2017 | +39.5% | -1.0% | -3.9% |
| 2016 | -33.1% | -6.9% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lantern Medical Clinic 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 Lantern Medical Clinic 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Lantern Medical Clinic
Is Lantern Medical Clinic a legitimate charity?
Based on AI analysis of IRS 990 filings, Lantern Medical Clinic (EIN: 262621541) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lantern Medical Clinic spend its money?
Detailed spending breakdown data is not yet available for Lantern Medical Clinic. Check back for updated IRS 990 analysis.
Are donations to Lantern Medical Clinic tax-deductible?
Lantern Medical Clinic is registered as a tax-exempt nonprofit (EIN: 262621541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lantern Medical Clinic located?
Lantern Medical Clinic is headquartered in Jackson, Mississippi and files with the IRS under EIN 262621541. It is classified under NTEE code E32.
How many years of IRS 990 filings does Lantern Medical Clinic have?
Lantern Medical Clinic 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 $31K in total revenue.
Filing History
IRS 990 filing history for Lantern Medical Clinic showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Lantern Medical Clinic's revenue has declined by 52.2%, moving from $64K to $31K. Total assets decreased by 45% over the same period, from $321K to $176K. Total functional expenses fell by 39.7%, from $58K to $35K. In its most recent filing year (2020), Lantern Medical Clinic reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $31K | $35K | $176K | $0 | — | — |
| 2019 | $36K | $41K | $181K | $0 | — | View 990 |
| 2018 | $39K | $44K | $186K | $0 | — | View 990 |
| 2017 | $47K | $54K | $191K | $0 | — | — |
| 2016 | $33K | $55K | $199K | $0 | — | View 990 |
| 2015 | $50K | $59K | $221K | $0 | — | View 990 |
| 2014 | $38K | $58K | $230K | $0 | — | View 990 |
| 2013 | $31K | $61K | $250K | $0 | — | View 990 |
| 2012 | $34K | $74K | $281K | $0 | — | View 990 |
| 2011 | $64K | $58K | $321K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $31K, expenses of $35K, and assets of $176K (revenue -15.3% year-over-year).
- 2019: Revenue of $36K, expenses of $41K, and assets of $181K (revenue -8.1% year-over-year).
- 2018: Revenue of $39K, expenses of $44K, and assets of $186K (revenue -15.8% year-over-year).
- 2017: Revenue of $47K, expenses of $54K, and assets of $191K (revenue +39.5% year-over-year).
- 2016: Revenue of $33K, expenses of $55K, and assets of $199K (revenue -33.1% year-over-year).
- 2015: Revenue of $50K, expenses of $59K, and assets of $221K (revenue +31.5% year-over-year).
- 2014: Revenue of $38K, expenses of $58K, and assets of $230K (revenue +22.1% year-over-year).
- 2013: Revenue of $31K, expenses of $61K, and assets of $250K (revenue -9.5% year-over-year).
- 2012: Revenue of $34K, expenses of $74K, and assets of $281K (revenue -46.2% year-over-year).
- 2011: Revenue of $64K, expenses of $58K, and assets of $321K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lantern Medical Clinic:
Data Sources and Methodology
This transparency report for Lantern Medical Clinic 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.