Laura P Nichols Foundation
Laura P Nichols Foundation consistently spends significantly more than its revenue, drawing down assets.
EIN: 204712624 · Little Rock, AR · NTEE: T22 · Updated: 2026-03-28
Is Laura P Nichols Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laura P Nichols Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Laura P Nichols Foundation
Laura P Nichols Foundation (EIN: 204712624) is a nonprofit organization based in Little Rock, AR, classified under NTEE code T22. The organization reported total revenue of $98K and total assets of $989K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laura P Nichols Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laura P Nichols Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $168K |
| Surplus / Deficit | $-138,323 |
| Total Assets | $989K |
| Total Liabilities | $1 |
| Net Assets | $989K |
| Operating Margin | -472.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 70.8 months |
Financial Health Grade: B
In 2023, Laura P Nichols Foundation reported a deficit of $138K with expenses exceeding revenue, holds 70.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Laura P Nichols Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.4% | -23.8% | -12.3% |
| 2022 | +289.1% | +1080.0% | -12.0% |
| 2021 | -21.7% | -83.9% | +13.9% |
| 2020 | -17.0% | +0.3% | +0.9% |
| 2019 | +46.6% | +680.8% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Laura P Nichols Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Laura P Nichols Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $138K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the organization, which is a positive for resource allocation.
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 Laura P Nichols Foundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $138,323 deficit in 202312).
- Declining asset base over time, indicating unsustainable spending.
- High expense-to-revenue ratio (e.g., expenses were nearly 6 times revenue in 202312).
Strengths
The following positive indicators were identified for Laura P Nichols Foundation:
- No reported officer compensation, indicating efficient use of funds at the executive level.
- Maintains a substantial asset base (nearly $1 million in 202312) despite consistent deficits.
Frequently Asked Questions about Laura P Nichols Foundation
Is Laura P Nichols Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Laura P Nichols Foundation (EIN: 204712624) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Laura P Nichols Foundation spend its money?
Laura P Nichols Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laura P Nichols Foundation tax-deductible?
Laura P Nichols Foundation is registered as a tax-exempt nonprofit (EIN: 204712624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Laura P Nichols Foundation financially sustainable?
Based on the provided data, the foundation is not financially sustainable through its current revenue streams. It consistently spends significantly more than it earns, for example, $167,580 in expenses against $29,257 in revenue in 202312, suggesting a reliance on its asset base rather than operational income.
How does the foundation fund its operations given the revenue deficits?
The consistent and large deficits between expenses and revenue (e.g., $138,323 deficit in 202312) indicate that the foundation is likely funding its operations by drawing down its substantial asset base, which decreased from $1,295,055 in 201112 to $989,148 in 202312.
What is the trend in the foundation's assets?
The foundation's assets have shown a declining trend over the years, from $1,295,055 in 201112 to $989,148 in 202312, consistent with the pattern of spending exceeding revenue.
Filing History
IRS 990 filing history for Laura P Nichols Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Laura P Nichols Foundation's revenue has grown by 69.8%, moving from $17K to $29K. Total assets decreased by 23.6% over the same period, from $1.3M to $989K. Total functional expenses rose by 1004.5%, from $15K to $168K. In its most recent filing year (2023), Laura P Nichols Foundation reported a deficit of $138K, with expenses exceeding revenue. The organization holds $1 in liabilities against $989K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $989K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $168K | $989K | $1 | — | View 990 |
| 2022 | $66K | $220K | $1.1M | $1 | — | View 990 |
| 2021 | $17K | $19K | $1.3M | $1 | — | View 990 |
| 2020 | $22K | $116K | $1.1M | $1 | — | — |
| 2019 | $26K | $115K | $1.1M | $1 | — | — |
| 2015 | $18K | $15K | $1.2M | $0 | — | View 990 |
| 2014 | $18K | $65K | $1.1M | $0 | — | View 990 |
| 2013 | $21K | $13K | $1.1M | $0 | — | View 990 |
| 2012 | $25K | $240K | $1.1M | $0 | — | View 990 |
| 2011 | $17K | $15K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29K, expenses of $168K, and assets of $989K (revenue -55.4% year-over-year).
- 2022: Revenue of $66K, expenses of $220K, and assets of $1.1M (revenue +289.1% year-over-year).
- 2021: Revenue of $17K, expenses of $19K, and assets of $1.3M (revenue -21.7% year-over-year).
- 2020: Revenue of $22K, expenses of $116K, and assets of $1.1M (revenue -17.0% year-over-year).
- 2019: Revenue of $26K, expenses of $115K, and assets of $1.1M (revenue +46.6% year-over-year).
- 2015: Revenue of $18K, expenses of $15K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2014: Revenue of $18K, expenses of $65K, and assets of $1.1M (revenue -17.2% year-over-year).
- 2013: Revenue of $21K, expenses of $13K, and assets of $1.1M (revenue -14.4% year-over-year).
- 2012: Revenue of $25K, expenses of $240K, and assets of $1.1M (revenue +45.4% year-over-year).
- 2011: Revenue of $17K, expenses of $15K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laura P Nichols Foundation:
Data Sources and Methodology
This transparency report for Laura P Nichols 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.