Laurelwood Inc Of Spartanburg
EIN: 571019592 · Boiling Springs, SC · NTEE: P33I
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $146K |
| Net Assets | $-613,775 |
Is Laurelwood Inc Of Spartanburg Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laurelwood Inc Of Spartanburg
Laurelwood Inc Of Spartanburg (EIN: 571019592) is a nonprofit organization based in Boiling Springs, SC, classified under NTEE code P33I. The organization reported total revenue of $125K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurelwood Inc Of Spartanburg's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurelwood Inc Of Spartanburg is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $146K |
| Surplus / Deficit | $-45,517 |
| Total Assets | $452K |
| Total Liabilities | $1.1M |
| Net Assets | $-613,775 |
| Operating Margin | -45.3% |
| Debt-to-Asset Ratio | 235.7% |
| Months of Reserves | 37.2 months |
Financial Health Grade: C
In 2024, Laurelwood Inc Of Spartanburg reported a deficit of $46K with expenses exceeding revenue, holds 37.2 months of operating reserves (strong position), has a debt-to-asset ratio of 235.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Laurelwood Inc Of Spartanburg's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.6% | +9.2% | -8.7% |
| 2023 | +12.1% | -13.0% | -8.3% |
| 2022 | -7.8% | +12.9% | -5.5% |
| 2021 | -0.9% | -7.1% | -4.1% |
| 2020 | +3.2% | +22.1% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laurelwood Inc Of Spartanburg 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 Laurelwood Inc Of Spartanburg 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 deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 235.7%.
Frequently Asked Questions about Laurelwood Inc Of Spartanburg
Is Laurelwood Inc Of Spartanburg a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurelwood Inc Of Spartanburg (EIN: 571019592) insufficient data. 0 red flags identified, 0 strengths noted.
How does Laurelwood Inc Of Spartanburg spend its money?
Detailed spending breakdown data is not yet available for Laurelwood Inc Of Spartanburg. Check back for updated IRS 990 analysis.
Are donations to Laurelwood Inc Of Spartanburg tax-deductible?
Laurelwood Inc Of Spartanburg is registered as a tax-exempt nonprofit (EIN: 571019592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laurelwood Inc Of Spartanburg located?
Laurelwood Inc Of Spartanburg is headquartered in Boiling Springs, South Carolina and files with the IRS under EIN 571019592. It is classified under NTEE code P33I.
How many years of IRS 990 filings does Laurelwood Inc Of Spartanburg have?
Laurelwood Inc Of Spartanburg has 14 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 $125K in total revenue.
Filing History
IRS 990 filing history for Laurelwood Inc Of Spartanburg showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Laurelwood Inc Of Spartanburg's revenue has grown by 6.4%, moving from $94K to $100K. Total assets decreased by 42% over the same period, from $780K to $452K. Total functional expenses rose by 36.5%, from $107K to $146K. In its most recent filing year (2024), Laurelwood Inc Of Spartanburg reported a deficit of $46K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $452K in assets (debt-to-asset ratio: 235.7%), resulting in net assets of $-613,775.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $100K | $146K | $452K | $1.1M | — | — |
| 2023 | $114K | $134K | $495K | $1.1M | — | View 990 |
| 2022 | $101K | $154K | $540K | $1.1M | — | View 990 |
| 2021 | $110K | $136K | $571K | $1.1M | — | — |
| 2020 | $111K | $146K | $596K | $1.1M | — | View 990 |
| 2019 | $108K | $120K | $608K | $1.0M | — | View 990 |
| 2018 | $96K | $122K | $624K | $1.0M | — | View 990 |
| 2017 | $96K | $117K | $671K | $1.1M | — | View 990 |
| 2016 | $98K | $103K | $672K | $1.0M | — | View 990 |
| 2015 | $95K | $105K | $681K | $1.1M | — | View 990 |
| 2014 | $93K | $128K | $688K | $1.0M | — | View 990 |
| 2013 | $84K | $117K | $720K | $1.0M | — | View 990 |
| 2012 | $82K | $112K | $747K | $1.0M | — | View 990 |
| 2011 | $94K | $107K | $780K | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $100K, expenses of $146K, and assets of $452K (revenue -11.6% year-over-year).
- 2023: Revenue of $114K, expenses of $134K, and assets of $495K (revenue +12.1% year-over-year).
- 2022: Revenue of $101K, expenses of $154K, and assets of $540K (revenue -7.8% year-over-year).
- 2021: Revenue of $110K, expenses of $136K, and assets of $571K (revenue -0.9% year-over-year).
- 2020: Revenue of $111K, expenses of $146K, and assets of $596K (revenue +3.2% year-over-year).
- 2019: Revenue of $108K, expenses of $120K, and assets of $608K (revenue +11.6% year-over-year).
- 2018: Revenue of $96K, expenses of $122K, and assets of $624K (revenue +0.1% year-over-year).
- 2017: Revenue of $96K, expenses of $117K, and assets of $671K (revenue -1.5% year-over-year).
- 2016: Revenue of $98K, expenses of $103K, and assets of $672K (revenue +2.8% year-over-year).
- 2015: Revenue of $95K, expenses of $105K, and assets of $681K (revenue +2.6% year-over-year).
- 2014: Revenue of $93K, expenses of $128K, and assets of $688K (revenue +9.8% year-over-year).
- 2013: Revenue of $84K, expenses of $117K, and assets of $720K (revenue +2.5% year-over-year).
- 2012: Revenue of $82K, expenses of $112K, and assets of $747K (revenue -12.8% year-over-year).
- 2011: Revenue of $94K, expenses of $107K, and assets of $780K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurelwood Inc Of Spartanburg:
Data Sources and Methodology
This transparency report for Laurelwood Inc Of Spartanburg 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.