Laser Class Association Inc
EIN: 463045188 · Austin, TX · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Net Assets | $1.2M |
Is Laser Class Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laser Class Association Inc
Laser Class Association Inc (EIN: 463045188) is a nonprofit organization based in Austin, TX, classified under NTEE code N67. The organization reported total revenue of $2.5M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laser Class Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laser Class Association Inc is a mid-size nonprofit that has been operating for 11 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-36,323 |
| Total Assets | $2.4M |
| Total Liabilities | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 49.4% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2023, Laser Class Association Inc reported a deficit of $36K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 49.4% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Laser Class Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +12.2% | +45.3% |
| 2022 | +13.2% | +22.7% | +41.9% |
| 2021 | +130.4% | +110.8% | +15.7% |
| 2020 | -8.3% | -27.7% | -39.7% |
| 2019 | -15.4% | +0.6% | +51.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laser Class Association 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 Laser Class Association 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.4%.
Frequently Asked Questions about Laser Class Association Inc
Is Laser Class Association Inc a legitimate charity?
Laser Class Association Inc (EIN: 463045188) is a registered tax-exempt nonprofit based in Texas. It has 11 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: B.
How does Laser Class Association Inc spend its money?
Laser Class Association Inc reported $2.5M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Laser Class Association Inc tax-deductible?
Laser Class Association Inc is registered as a tax-exempt nonprofit (EIN: 463045188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laser Class Association Inc located?
Laser Class Association Inc is headquartered in Austin, Texas and files with the IRS under EIN 463045188. It is classified under NTEE code N67.
How many years of IRS 990 filings does Laser Class Association Inc have?
Laser Class Association Inc has 11 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Laser Class Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Laser Class Association Inc's revenue has grown by 389.2%, moving from $452K to $2.2M. Total assets increased by 624.5% over the same period, from $329K to $2.4M. Total functional expenses rose by 1665.2%, from $127K to $2.2M. In its most recent filing year (2023), Laser Class Association Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $2.4M in assets (debt-to-asset ratio: 49.4%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $2.4M | $1.2M | — | View 990 |
| 2022 | $2.1M | $2.0M | $1.6M | $599K | — | View 990 |
| 2021 | $1.8M | $1.6M | $1.2M | $198K | — | View 990 |
| 2020 | $800K | $774K | $998K | $209K | — | — |
| 2019 | $873K | $1.1M | $1.7M | $890K | — | View 990 |
| 2018 | $1.0M | $1.1M | $1.1M | $130K | — | View 990 |
| 2017 | $1.8M | $1.6M | $1.1M | $111K | — | View 990 |
| 2016 | $1.5M | $1.4M | $1.0M | $162K | — | View 990 |
| 2015 | $975K | $925K | $937K | $129K | — | View 990 |
| 2014 | $1.5M | $1.1M | $800K | $43K | — | View 990 |
| 2013 | $452K | $127K | $329K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $2.4M (revenue +6.0% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $1.6M (revenue +13.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $1.2M (revenue +130.4% year-over-year).
- 2020: Revenue of $800K, expenses of $774K, and assets of $998K (revenue -8.3% year-over-year).
- 2019: Revenue of $873K, expenses of $1.1M, and assets of $1.7M (revenue -15.4% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $1.1M (revenue -42.5% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.6M, and assets of $1.1M (revenue +22.2% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $1.0M (revenue +50.5% year-over-year).
- 2015: Revenue of $975K, expenses of $925K, and assets of $937K (revenue -36.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.1M, and assets of $800K (revenue +241.8% year-over-year).
- 2013: Revenue of $452K, expenses of $127K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laser Class Association Inc:
Data Sources and Methodology
This transparency report for Laser Class Association 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.