Laughlin Charitable Foundation
Laughlin Charitable Foundation maintains substantial assets with inconsistent annual revenue and expense reporting, and zero officer compensation.
EIN: 205347944 · Laughlin, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Program Spending | 100% |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Is Laughlin Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laughlin Charitable Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laughlin Charitable Foundation
Laughlin Charitable Foundation (EIN: 205347944) is a nonprofit organization based in Laughlin, NV, classified under NTEE code T20. The organization reported total revenue of $152K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laughlin Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laughlin Charitable Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $0 |
| Surplus / Deficit | +$40K |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 0.0% |
Financial Health Grade: A
In 2023, Laughlin Charitable Foundation reported a surplus of $40K with revenue exceeding expenses, has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Laughlin Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4041400.0% | -100.0% | +17.0% |
| 2022 | -100.0% | +6.9% | -21.3% |
| 2021 | -76.7% | +0.0% | +8.9% |
| 2020 | +10.3% | +0.0% | +6.8% |
| 2019 | -55.4% | +8.3% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Laughlin Charitable Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Laughlin Charitable Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are either unpaid volunteers or compensated through other means not reflected as officer compensation, which is a positive for donor confidence regarding administrative overhead.
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.
Red Flags
The following concerns were identified during AI analysis of Laughlin Charitable Foundation's IRS 990 filings:
- Inconsistent and sometimes zero expense reporting (e.g., $0 expenses in 202312) makes financial analysis challenging.
- Extremely low revenue reported in some years (e.g., $1 in 202212) raises questions about operational funding sources if not solely endowment-driven.
Strengths
The following positive indicators were identified for Laughlin Charitable Foundation:
- Consistently reports 0% officer compensation, indicating very low administrative overhead for leadership.
- Maintains a substantial asset base (over $1.4 million in latest filing), providing financial stability.
- Low liabilities (consistently $1 or $0) suggest strong financial management and minimal debt.
Frequently Asked Questions about Laughlin Charitable Foundation
Is Laughlin Charitable Foundation a legitimate charity?
Laughlin Charitable Foundation (EIN: 205347944) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $152K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Laughlin Charitable Foundation spend its money?
Laughlin Charitable Foundation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Laughlin Charitable Foundation tax-deductible?
Laughlin Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205347944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Laughlin Charitable Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Laughlin Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laughlin Charitable Foundation located?
Laughlin Charitable Foundation is headquartered in Laughlin, Nevada and files with the IRS under EIN 205347944. It is classified under NTEE code T20.
How many years of IRS 990 filings does Laughlin Charitable Foundation have?
Laughlin Charitable Foundation 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 $152K in total revenue.
How does the Laughlin Charitable Foundation manage to operate with $0 expenses in some years, such as 202312?
The $0 expense reported in Period 202312 is highly unusual and could indicate that the foundation primarily makes grants directly from its assets, or that expenses were deferred or covered by another entity, or it might be an anomaly in reporting. Further investigation into their specific grant-making activities would be needed.
What is the primary source of the foundation's revenue, given the fluctuating amounts?
The provided data does not specify the source of revenue. Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) and the fluctuating revenue, it's likely a mix of investment income from its substantial assets and potentially occasional donations or bequests.
How does the foundation sustain its operations and grant-making with years of minimal revenue, like $1 in 202212?
The foundation likely draws upon its significant asset base, which consistently exceeds $1 million, to cover expenses and make grants, especially in years where annual revenue is negligible. This suggests an endowment-based operational model.
Filing History
IRS 990 filing history for Laughlin Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Laughlin Charitable Foundation's revenue has grown by 161%, moving from $15K to $40K. Total assets increased by 41.2% over the same period, from $943K to $1.3M. Total functional expenses fell by 100%, from $50K to $0. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $0 | $1.3M | $1 | — | — |
| 2022 | $1 | $70K | $1.1M | $1 | — | View 990 |
| 2021 | $10K | $65K | $1.4M | $1 | — | View 990 |
| 2020 | $44K | $65K | $1.3M | $1 | — | — |
| 2019 | $40K | $65K | $1.2M | $1 | — | View 990 |
| 2015 | $90K | $60K | $1.1M | $1 | — | View 990 |
| 2014 | $87K | $60K | $1.2M | $1 | — | View 990 |
| 2013 | $22K | $50K | $1.2M | $0 | — | View 990 |
| 2012 | $16K | $50K | $1.0M | $0 | — | View 990 |
| 2011 | $15K | $50K | $943K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $0, and assets of $1.3M (revenue +4041400.0% year-over-year).
- 2022: Revenue of $1, expenses of $70K, and assets of $1.1M (revenue -100.0% year-over-year).
- 2021: Revenue of $10K, expenses of $65K, and assets of $1.4M (revenue -76.7% year-over-year).
- 2020: Revenue of $44K, expenses of $65K, and assets of $1.3M (revenue +10.3% year-over-year).
- 2019: Revenue of $40K, expenses of $65K, and assets of $1.2M (revenue -55.4% year-over-year).
- 2015: Revenue of $90K, expenses of $60K, and assets of $1.1M (revenue +3.1% year-over-year).
- 2014: Revenue of $87K, expenses of $60K, and assets of $1.2M (revenue +297.3% year-over-year).
- 2013: Revenue of $22K, expenses of $50K, and assets of $1.2M (revenue +35.8% year-over-year).
- 2012: Revenue of $16K, expenses of $50K, and assets of $1.0M (revenue +4.4% year-over-year).
- 2011: Revenue of $15K, expenses of $50K, and assets of $943K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laughlin Charitable Foundation:
Data Sources and Methodology
This transparency report for Laughlin Charitable Foundation 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.