Laurus Collegiate Inc
EIN: 472103502 · Denver, CO · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $11.8M |
| Net Assets | $-3,518,929 |
Is Laurus Collegiate Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laurus Collegiate Inc
Laurus Collegiate Inc (EIN: 472103502) is a nonprofit organization based in Denver, CO, classified under NTEE code B29. The organization reported total revenue of $10.3M and total assets of $20.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurus Collegiate Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurus Collegiate Inc is a large nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 95.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.4M |
| Total Expenses | $11.8M |
| Surplus / Deficit | $-1,405,763 |
| Total Assets | $21.1M |
| Total Liabilities | $24.6M |
| Net Assets | $-3,518,929 |
| Operating Margin | -13.5% |
| Debt-to-Asset Ratio | 116.7% |
| Months of Reserves | 21.4 months |
Financial Health Grade: C
In 2023, Laurus Collegiate Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 116.7% (high leverage).
Financial Trends
Over 6 years of filings (2017–2023), Laurus Collegiate Inc's revenue has grown at a compound annual growth rate (CAGR) of 95.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.4% | +34.0% | +5.9% |
| 2022 | +57.2% | +62.4% | +5.2% |
| 2021 | +47.9% | +51.1% | +445.7% |
| 2020 | +148.3% | +44.2% | +4.6% |
| 2018 | +691.3% | +796.1% | +759.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laurus Collegiate 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 Laurus Collegiate 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 116.7%.
Frequently Asked Questions about Laurus Collegiate Inc
Is Laurus Collegiate Inc a legitimate charity?
Laurus Collegiate Inc (EIN: 472103502) is a registered tax-exempt nonprofit based in Colorado. It has 6 years of IRS 990 filings on record. Total revenue: $10.3M. No red flags identified. Financial health grade: C.
How does Laurus Collegiate Inc spend its money?
Laurus Collegiate Inc reported $10.3M in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Laurus Collegiate Inc tax-deductible?
Laurus Collegiate Inc is registered as a tax-exempt nonprofit (EIN: 472103502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laurus Collegiate Inc located?
Laurus Collegiate Inc is headquartered in Denver, Colorado and files with the IRS under EIN 472103502. It is classified under NTEE code B29.
How many years of IRS 990 filings does Laurus Collegiate Inc have?
Laurus Collegiate Inc has 6 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 $10.3M in total revenue.
Filing History
IRS 990 filing history for Laurus Collegiate Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2023), Laurus Collegiate Inc's revenue has grown by 5538%, moving from $185K to $10.4M. Total assets increased by 5357.7% over the same period, from $386K to $21.1M. Total functional expenses rose by 4148%, from $278K to $11.8M. In its most recent filing year (2023), Laurus Collegiate Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $24.6M in liabilities against $21.1M in assets (debt-to-asset ratio: 116.7%), resulting in net assets of $-3,518,929.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.4M | $11.8M | $21.1M | $24.6M | — | — |
| 2022 | $8.4M | $8.8M | $19.9M | $22.0M | — | View 990 |
| 2021 | $5.4M | $5.4M | $18.9M | $20.7M | — | View 990 |
| 2020 | $3.6M | $3.6M | $3.5M | $5.1M | — | View 990 |
| 2018 | $1.5M | $2.5M | $3.3M | $4.2M | — | View 990 |
| 2017 | $185K | $278K | $386K | $256K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.4M, expenses of $11.8M, and assets of $21.1M (revenue +23.4% year-over-year).
- 2022: Revenue of $8.4M, expenses of $8.8M, and assets of $19.9M (revenue +57.2% year-over-year).
- 2021: Revenue of $5.4M, expenses of $5.4M, and assets of $18.9M (revenue +47.9% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.6M, and assets of $3.5M (revenue +148.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $2.5M, and assets of $3.3M (revenue +691.3% year-over-year).
- 2017: Revenue of $185K, expenses of $278K, and assets of $386K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurus Collegiate Inc:
Data Sources and Methodology
This transparency report for Laurus Collegiate 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.