Laurel Arts League Inc
EIN: 237378049 · Laurel, MS
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $58K |
| Net Assets | $115K |
Is Laurel Arts League Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laurel Arts League Inc
Laurel Arts League Inc (EIN: 237378049) is a nonprofit organization based in Laurel, MS. The organization reported total revenue of $103K and total assets of $153K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurel Arts League Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurel Arts League Inc is a small nonprofit that has been operating for 51 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $58K |
| Surplus / Deficit | +$17K |
| Total Assets | $115K |
| Net Assets | $115K |
| Operating Margin | 22.5% |
| Months of Reserves | 23.9 months |
Financial Health Grade: A
In 2024, Laurel Arts League Inc reported a surplus of $17K with revenue exceeding expenses, holds 23.9 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2023–2024), Laurel Arts League Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.0% | +6.3% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laurel Arts League 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 Laurel Arts League 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
Frequently Asked Questions about Laurel Arts League Inc
Is Laurel Arts League Inc a legitimate charity?
Laurel Arts League Inc (EIN: 237378049) is a registered tax-exempt nonprofit based in Mississippi. It has 2 years of IRS 990 filings on record. Total revenue: $103K. No red flags identified. Financial health grade: A.
How does Laurel Arts League Inc spend its money?
Laurel Arts League Inc reported $103K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Laurel Arts League Inc tax-deductible?
Laurel Arts League Inc is registered as a tax-exempt nonprofit (EIN: 237378049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laurel Arts League Inc located?
Laurel Arts League Inc is headquartered in Laurel, Mississippi and files with the IRS under EIN 237378049.
How many years of IRS 990 filings does Laurel Arts League Inc have?
Laurel Arts League Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $103K in total revenue.
Filing History
IRS 990 filing history for Laurel Arts League Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Laurel Arts League Inc's revenue has declined by 11%, moving from $84K to $75K. Total assets increased by 17.1% over the same period, from $99K to $115K. Total functional expenses rose by 6.3%, from $54K to $58K. In its most recent filing year (2024), Laurel Arts League Inc reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $75K | $58K | $115K | $0 | — | — |
| 2023 | $84K | $54K | $99K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurel Arts League Inc:
Data Sources and Methodology
This transparency report for Laurel Arts League 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.