Lao Advancement Organization Of America
EIN: 411651825 · Minneapolis, MN · NTEE: B26Z
| Metric | Value |
|---|---|
| Total Revenue | $352K |
| Total Expenses | $356K |
| Net Assets | $474K |
Is Lao Advancement Organization Of America Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lao Advancement Organization Of America
Lao Advancement Organization Of America (EIN: 411651825) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B26Z. The organization reported total revenue of $352K and total assets of $455K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lao Advancement Organization Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lao Advancement Organization Of America is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $372K |
| Total Expenses | $356K |
| Surplus / Deficit | +$15K |
| Total Assets | $483K |
| Total Liabilities | $9K |
| Net Assets | $474K |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2023, Lao Advancement Organization Of America reported a surplus of $15K with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lao Advancement Organization Of America's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +0.3% | +3.0% |
| 2022 | +0.9% | +2.2% | -7.6% |
| 2021 | -51.6% | -6.3% | -16.3% |
| 2020 | +189.9% | +50.3% | +120.5% |
| 2019 | -10.2% | +7.4% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lao Advancement Organization Of America 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 Lao Advancement Organization Of America 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 surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Lao Advancement Organization Of America
Is Lao Advancement Organization Of America a legitimate charity?
Lao Advancement Organization Of America (EIN: 411651825) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $352K. No red flags identified. Financial health grade: A.
How does Lao Advancement Organization Of America spend its money?
Lao Advancement Organization Of America reported $352K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lao Advancement Organization Of America tax-deductible?
Lao Advancement Organization Of America is registered as a tax-exempt nonprofit (EIN: 411651825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lao Advancement Organization Of America located?
Lao Advancement Organization Of America is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411651825. It is classified under NTEE code B26Z.
How many years of IRS 990 filings does Lao Advancement Organization Of America have?
Lao Advancement Organization Of America has 14 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 $352K in total revenue.
Filing History
IRS 990 filing history for Lao Advancement Organization Of America showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lao Advancement Organization Of America's revenue has grown by 125.1%, moving from $165K to $372K. Total assets increased by 22% over the same period, from $396K to $483K. Total functional expenses rose by 52%, from $234K to $356K. In its most recent filing year (2023), Lao Advancement Organization Of America reported a surplus of $15K, with revenue exceeding expenses. The organization holds $9K in liabilities against $483K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $474K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $372K | $356K | $483K | $9K | — | — |
| 2022 | $318K | $355K | $469K | $10K | — | — |
| 2021 | $315K | $348K | $507K | $12K | — | View 990 |
| 2020 | $651K | $371K | $606K | $78K | — | View 990 |
| 2019 | $225K | $247K | $275K | $27K | — | View 990 |
| 2018 | $250K | $230K | $305K | $35K | — | View 990 |
| 2017 | $196K | $217K | $273K | $24K | — | View 990 |
| 2016 | $241K | $223K | $302K | $31K | — | View 990 |
| 2015 | $217K | $244K | $318K | $69K | — | View 990 |
| 2014 | $234K | $250K | $349K | $72K | — | View 990 |
| 2013 | $226K | $241K | $360K | $66K | — | View 990 |
| 2012 | $216K | $242K | $372K | $64K | — | View 990 |
| 2011 | $200K | $206K | $398K | $64K | — | View 990 |
| 2010 | $165K | $234K | $396K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $372K, expenses of $356K, and assets of $483K (revenue +16.8% year-over-year).
- 2022: Revenue of $318K, expenses of $355K, and assets of $469K (revenue +0.9% year-over-year).
- 2021: Revenue of $315K, expenses of $348K, and assets of $507K (revenue -51.6% year-over-year).
- 2020: Revenue of $651K, expenses of $371K, and assets of $606K (revenue +189.9% year-over-year).
- 2019: Revenue of $225K, expenses of $247K, and assets of $275K (revenue -10.2% year-over-year).
- 2018: Revenue of $250K, expenses of $230K, and assets of $305K (revenue +27.8% year-over-year).
- 2017: Revenue of $196K, expenses of $217K, and assets of $273K (revenue -18.8% year-over-year).
- 2016: Revenue of $241K, expenses of $223K, and assets of $302K (revenue +11.3% year-over-year).
- 2015: Revenue of $217K, expenses of $244K, and assets of $318K (revenue -7.3% year-over-year).
- 2014: Revenue of $234K, expenses of $250K, and assets of $349K (revenue +3.2% year-over-year).
- 2013: Revenue of $226K, expenses of $241K, and assets of $360K (revenue +4.9% year-over-year).
- 2012: Revenue of $216K, expenses of $242K, and assets of $372K (revenue +8.1% year-over-year).
- 2011: Revenue of $200K, expenses of $206K, and assets of $398K (revenue +20.9% year-over-year).
- 2010: Revenue of $165K, expenses of $234K, and assets of $396K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lao Advancement Organization Of America:
Data Sources and Methodology
This transparency report for Lao Advancement Organization Of America 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.