Laugh Out Loud Ministry Inc
Laugh Out Loud Ministry Inc maintains stable finances with no reported officer compensation.
EIN: 202920829 · Berthoud, CO · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $489K |
| Total Expenses | $477K |
| Program Spending | 85% |
| Net Assets | $677K |
| Transparency Score | 88/100 |
Is Laugh Out Loud Ministry Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laugh Out Loud Ministry Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laugh Out Loud Ministry Inc
Laugh Out Loud Ministry Inc (EIN: 202920829) is a nonprofit organization based in Berthoud, CO, classified under NTEE code X20. The organization reported total revenue of $489K and total assets of $570K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laugh Out Loud Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laugh Out Loud Ministry Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $535K |
| Total Expenses | $477K |
| Surplus / Deficit | +$58K |
| Total Assets | $700K |
| Total Liabilities | $23K |
| Net Assets | $677K |
| Operating Margin | 10.9% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2023, Laugh Out Loud Ministry Inc reported a surplus of $58K with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laugh Out Loud Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -20.0% | +11.7% |
| 2022 | +25.6% | +20.4% | -12.7% |
| 2021 | -31.8% | -11.6% | -10.9% |
| 2020 | -14.9% | -16.4% | +6.3% |
| 2019 | +22.2% | +23.1% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Laugh Out Loud Ministry Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Laugh Out Loud Ministry Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
Laugh Out Loud Ministry Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for resource allocation to its mission.
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.
Strengths
The following positive indicators were identified for Laugh Out Loud Ministry Inc:
- Consistent reporting of 0% officer compensation, indicating high dedication of resources to mission.
- Healthy asset levels relative to liabilities, demonstrating strong financial solvency (e.g., $700,126 assets vs. $22,818 liabilities in 202312).
- Generally stable revenue base over the past decade, typically ranging between $400k-$700k.
- Positive net income in the most recent fiscal year (202312), with revenues of $534,829 exceeding expenses of $476,735.
Frequently Asked Questions about Laugh Out Loud Ministry Inc
Is Laugh Out Loud Ministry Inc a legitimate charity?
Laugh Out Loud Ministry Inc (EIN: 202920829) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $489K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Laugh Out Loud Ministry Inc spend its money?
Laugh Out Loud Ministry Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Laugh Out Loud Ministry Inc tax-deductible?
Laugh Out Loud Ministry Inc is registered as a tax-exempt nonprofit (EIN: 202920829). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laugh Out Loud Ministry Inc's spending goes to programs?
Laugh Out Loud Ministry Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laugh Out Loud Ministry Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Laugh Out Loud Ministry Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laugh Out Loud Ministry Inc located?
Laugh Out Loud Ministry Inc is headquartered in Berthoud, Colorado and files with the IRS under EIN 202920829. It is classified under NTEE code X20.
How many years of IRS 990 filings does Laugh Out Loud Ministry Inc have?
Laugh Out Loud Ministry Inc 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 $489K in total revenue.
Is Laugh Out Loud Ministry Inc financially stable?
Yes, Laugh Out Loud Ministry Inc appears financially stable. While there have been years with expenses exceeding revenue (e.g., 202212 with a $79,878 deficit), the organization consistently maintains substantial assets (e.g., $700,126 in 202312) and low liabilities, indicating a healthy balance sheet.
How does Laugh Out Loud Ministry Inc compensate its leadership?
Laugh Out Loud Ministry Inc consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that its officers are either volunteers or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence.
What is the trend in Laugh Out Loud Ministry Inc's revenue?
Laugh Out Loud Ministry Inc's revenue has fluctuated over the past decade, ranging from a low of $410,826 in 202112 to a high of $707,371 in 201912. The most recent filing (202312) shows revenue at $534,829, indicating a relatively stable, albeit variable, funding base.
Filing History
IRS 990 filing history for Laugh Out Loud Ministry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laugh Out Loud Ministry Inc's revenue has grown by 66.1%, moving from $322K to $535K. Total assets increased by 19.8% over the same period, from $585K to $700K. Total functional expenses rose by 137.7%, from $201K to $477K. In its most recent filing year (2023), Laugh Out Loud Ministry Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $23K in liabilities against $700K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $677K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $535K | $477K | $700K | $23K | — | — |
| 2022 | $516K | $596K | $627K | $9K | — | View 990 |
| 2021 | $411K | $495K | $718K | $21K | — | View 990 |
| 2020 | $602K | $560K | $805K | $24K | — | — |
| 2019 | $707K | $669K | $758K | $19K | — | View 990 |
| 2018 | $579K | $544K | $715K | $15K | — | View 990 |
| 2017 | $540K | $565K | $718K | $18K | — | View 990 |
| 2016 | $495K | $562K | $706K | $9K | — | View 990 |
| 2015 | $517K | $531K | $777K | $12K | — | View 990 |
| 2014 | $468K | $486K | $784K | $10K | — | View 990 |
| 2013 | $337K | $327K | $809K | $17K | — | View 990 |
| 2012 | $450K | $262K | $792K | $20K | — | View 990 |
| 2011 | $322K | $201K | $585K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $535K, expenses of $477K, and assets of $700K (revenue +3.7% year-over-year).
- 2022: Revenue of $516K, expenses of $596K, and assets of $627K (revenue +25.6% year-over-year).
- 2021: Revenue of $411K, expenses of $495K, and assets of $718K (revenue -31.8% year-over-year).
- 2020: Revenue of $602K, expenses of $560K, and assets of $805K (revenue -14.9% year-over-year).
- 2019: Revenue of $707K, expenses of $669K, and assets of $758K (revenue +22.2% year-over-year).
- 2018: Revenue of $579K, expenses of $544K, and assets of $715K (revenue +7.2% year-over-year).
- 2017: Revenue of $540K, expenses of $565K, and assets of $718K (revenue +9.2% year-over-year).
- 2016: Revenue of $495K, expenses of $562K, and assets of $706K (revenue -4.4% year-over-year).
- 2015: Revenue of $517K, expenses of $531K, and assets of $777K (revenue +10.6% year-over-year).
- 2014: Revenue of $468K, expenses of $486K, and assets of $784K (revenue +38.7% year-over-year).
- 2013: Revenue of $337K, expenses of $327K, and assets of $809K (revenue -25.1% year-over-year).
- 2012: Revenue of $450K, expenses of $262K, and assets of $792K (revenue +39.8% year-over-year).
- 2011: Revenue of $322K, expenses of $201K, and assets of $585K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laugh Out Loud Ministry Inc:
Data Sources and Methodology
This transparency report for Laugh Out Loud Ministry 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.