Laurens Education Assistance For District No 55
Laurens Education Assistance For District No 55 operates as a pass-through entity, disbursing all revenue with no assets or liabilities in recent years.
EIN: 202697215 · Laurens, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Transparency Score | 85/100 |
Is Laurens Education Assistance For District No 55 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laurens Education Assistance For District No 55 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laurens Education Assistance For District No 55
Laurens Education Assistance For District No 55 (EIN: 202697215) is a nonprofit organization based in Laurens, SC, classified under NTEE code B11. The organization reported total revenue of $3.1M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurens Education Assistance For District No 55's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurens Education Assistance For District No 55 is a mid-size 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 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$0 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2023, Laurens Education Assistance For District No 55 reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Laurens Education Assistance For District No 55's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | -0.1% | — |
| 2022 | -0.1% | -0.1% | — |
| 2021 | +110.3% | +106.0% | -100.0% |
| 2020 | -2.4% | +-0.0% | -99.8% |
| 2019 | +0.0% | -0.3% | +16.4% |
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 Laurens Education Assistance For District No 55 with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Laurens Education Assistance For District No 55 allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through an external entity, which is highly efficient for a nonprofit of its size with recent revenues exceeding $3 million.
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 Laurens Education Assistance For District No 55's IRS 990 filings:
- Consistent reporting of $0 assets and liabilities, which could indicate a lack of financial reserves for long-term stability or unexpected events.
- Significant fluctuation in revenue and expenses over the years (e.g., $33.7M revenue in 2016 vs. $3.1M in 2023), which might suggest inconsistent funding or project scales.
Strengths
The following positive indicators were identified for Laurens Education Assistance For District No 55:
- High spending efficiency, with expenses closely matching revenue in recent years (e.g., $3,119,788 revenue and expenses in 2023).
- 0% officer compensation reported across all filings, indicating very low administrative overhead for executive functions.
- Consistent IRS 990 filing history, demonstrating transparency in financial reporting.
Frequently Asked Questions about Laurens Education Assistance For District No 55
Is Laurens Education Assistance For District No 55 a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurens Education Assistance For District No 55 (EIN: 202697215) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Laurens Education Assistance For District No 55 spend its money?
Laurens Education Assistance For District No 55 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laurens Education Assistance For District No 55 tax-deductible?
Laurens Education Assistance For District No 55 is registered as a tax-exempt nonprofit (EIN: 202697215). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laurens Education Assistance For District No 55 CEO make?
Laurens Education Assistance For District No 55's highest-compensated officer earns $3 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Laurens Education Assistance For District No 55's spending goes to programs?
Laurens Education Assistance For District No 55 directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laurens Education Assistance For District No 55 compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Laurens Education Assistance For District No 55 is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laurens Education Assistance For District No 55 located?
Laurens Education Assistance For District No 55 is headquartered in Laurens, South Carolina and files with the IRS under EIN 202697215. It is classified under NTEE code B11.
How many years of IRS 990 filings does Laurens Education Assistance For District No 55 have?
Laurens Education Assistance For District No 55 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 $3.1M in total revenue.
Is Laurens Education Assistance For District No 55 a good charity?
Based on the available data, the organization appears to be highly efficient in disbursing funds, with expenses closely matching revenue and 0% officer compensation. However, the lack of assets means it operates without a financial cushion, which could be a concern for long-term stability or large-scale projects.
How does the organization manage to have $0 in assets and liabilities?
The consistent reporting of $0 assets and liabilities, despite significant revenue (e.g., $3,119,788 in 2023), suggests that Laurens Education Assistance For District No 55 operates on a 'pass-through' model, where funds are received and immediately disbursed, leaving no accumulated reserves or debts on its balance sheet at the end of the fiscal period.
What is the long-term financial sustainability of this organization?
Operating with $0 assets and liabilities, while efficient for immediate disbursement, means the organization lacks a financial reserve. This could impact its ability to sustain operations during periods of reduced funding or to invest in long-term strategic initiatives without external, immediate funding.
Filing History
IRS 990 filing history for Laurens Education Assistance For District No 55 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laurens Education Assistance For District No 55's revenue has grown by 60.4%, moving from $1.9M to $3.1M. Total assets decreased by 100% over the same period, from $3.8M to $0. Total functional expenses rose by 60.6%, from $1.9M to $3.1M. In its most recent filing year (2023), Laurens Education Assistance For District No 55 reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.1M | $0 | $0 | — | View 990 |
| 2022 | $3.1M | $3.1M | $0 | $0 | — | View 990 |
| 2021 | $3.1M | $3.1M | $0 | $0 | — | View 990 |
| 2020 | $1.5M | $1.5M | $74 | $0 | — | View 990 |
| 2019 | $1.5M | $1.5M | $31K | $0 | — | View 990 |
| 2018 | $1.5M | $1.5M | $27K | $0 | — | View 990 |
| 2017 | $1.5M | $4.2M | $27K | $0 | — | View 990 |
| 2016 | $33.7M | $34.4M | $2.7M | $0 | — | View 990 |
| 2015 | $2.0M | $2.0M | $3.3M | $0 | — | View 990 |
| 2014 | $2.0M | $2.0M | $3.3M | $0 | — | View 990 |
| 2013 | $2.0M | $2.0M | $3.3M | $0 | — | View 990 |
| 2012 | $2.0M | $2.4M | $3.3M | $0 | — | View 990 |
| 2011 | $1.9M | $1.9M | $3.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.1M, and assets of $0 (revenue -0.1% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.1M, and assets of $0 (revenue -0.1% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.1M, and assets of $0 (revenue +110.3% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $74 (revenue -2.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $31K (revenue +0.0% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $27K (revenue -0.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $4.2M, and assets of $27K (revenue -95.5% year-over-year).
- 2016: Revenue of $33.7M, expenses of $34.4M, and assets of $2.7M (revenue +1622.0% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $3.3M (revenue -0.5% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $3.3M (revenue +-0.0% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.0M, and assets of $3.3M (revenue +0.7% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.4M, and assets of $3.3M (revenue +0.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.9M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurens Education Assistance For District No 55:
Data Sources and Methodology
This transparency report for Laurens Education Assistance For District No 55 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.