Lawyers Collaborative For Diversity Inc
Lawyers Collaborative For Diversity Inc shows consistent revenue and asset growth with no reported executive compensation.
EIN: 200585125 · Wethersfield, CT · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $163K |
| Total Expenses | $188K |
| Program Spending | 85% |
| Net Assets | $203K |
| Transparency Score | 90/100 |
Is Lawyers Collaborative For Diversity Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lawyers Collaborative For Diversity Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lawyers Collaborative For Diversity Inc
Lawyers Collaborative For Diversity Inc (EIN: 200585125) is a nonprofit organization based in Wethersfield, CT, classified under NTEE code B90. The organization reported total revenue of $163K and total assets of $178K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lawyers Collaborative For Diversity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lawyers Collaborative For Diversity Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $188K |
| Surplus / Deficit | $-109 |
| Total Assets | $214K |
| Total Liabilities | $11K |
| Net Assets | $203K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 13.7 months |
Financial Health Grade: B
In 2023, Lawyers Collaborative For Diversity Inc reported a deficit of $109 with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lawyers Collaborative For Diversity Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.3% | +42.8% | +5.3% |
| 2022 | -13.0% | +18.6% | +12.1% |
| 2021 | +34.2% | +24.6% | +56.6% |
| 2020 | -21.8% | -34.2% | +58.0% |
| 2019 | +7.4% | +0.4% | +81.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Lawyers Collaborative For Diversity Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lawyers Collaborative For Diversity Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $109, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size.
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 Lawyers Collaborative For Diversity Inc's IRS 990 filings:
- Specific program spending details are not itemized in the provided summary data, making it difficult to precisely assess program efficiency.
Strengths
The following positive indicators were identified for Lawyers Collaborative For Diversity Inc:
- Consistent revenue growth, from $109,050 in 2015 to $187,800 in 2023.
- Significant asset growth, from $1,327 in 2015 to $214,211 in 2023.
- 0% officer compensation reported across all filings, indicating high financial efficiency.
- Positive net assets and generally low liabilities, demonstrating financial stability.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Lawyers Collaborative For Diversity Inc
Is Lawyers Collaborative For Diversity Inc a legitimate charity?
Lawyers Collaborative For Diversity Inc (EIN: 200585125) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $163K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Lawyers Collaborative For Diversity Inc spend its money?
Lawyers Collaborative For Diversity Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lawyers Collaborative For Diversity Inc tax-deductible?
Lawyers Collaborative For Diversity Inc is registered as a tax-exempt nonprofit (EIN: 200585125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lawyers Collaborative For Diversity Inc's spending goes to programs?
Lawyers Collaborative For Diversity Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lawyers Collaborative For Diversity Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lawyers Collaborative For Diversity Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lawyers Collaborative For Diversity Inc located?
Lawyers Collaborative For Diversity Inc is headquartered in Wethersfield, Connecticut and files with the IRS under EIN 200585125. It is classified under NTEE code B90.
How many years of IRS 990 filings does Lawyers Collaborative For Diversity Inc have?
Lawyers Collaborative For Diversity Inc has 12 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 $163K in total revenue.
Is Lawyers Collaborative For Diversity Inc a good charity?
Based on the available financial data, Lawyers Collaborative For Diversity Inc appears to be a well-managed charity. It demonstrates consistent revenue and asset growth, and notably, reports 0% officer compensation, suggesting a strong dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $1,327 in 2015 to $214,211 in 2023. Revenue has also generally increased, from $109,050 in 2015 to $187,800 in 2023, indicating a positive trend in financial health.
What is the organization's approach to executive compensation?
Lawyers Collaborative For Diversity Inc reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers. This is a strong indicator of financial efficiency and commitment to mission.
Filing History
IRS 990 filing history for Lawyers Collaborative For Diversity Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lawyers Collaborative For Diversity Inc's revenue has grown by 46%, moving from $129K to $188K. Total assets increased by 738.3% over the same period, from $26K to $214K. Total functional expenses rose by 29%, from $146K to $188K. In its most recent filing year (2023), Lawyers Collaborative For Diversity Inc reported a deficit of $109, with expenses exceeding revenue. The organization holds $11K in liabilities against $214K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $188K | $214K | $11K | — | View 990 |
| 2022 | $154K | $132K | $203K | $0 | — | View 990 |
| 2021 | $177K | $111K | $181K | $0 | — | View 990 |
| 2020 | $132K | $89K | $116K | $0 | — | View 990 |
| 2019 | $168K | $135K | $73K | $0 | — | View 990 |
| 2018 | $156K | $135K | $40K | $0 | — | View 990 |
| 2017 | $153K | $132K | $9K | $0 | — | View 990 |
| 2016 | $139K | $152K | $14K | $25K | — | View 990 |
| 2015 | $109K | $125K | $1K | $0 | — | View 990 |
| 2014 | $174K | $165K | $18K | $0 | — | View 990 |
| 2013 | $130K | $146K | $9K | $0 | — | View 990 |
| 2012 | $129K | $146K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $188K, and assets of $214K (revenue +22.3% year-over-year).
- 2022: Revenue of $154K, expenses of $132K, and assets of $203K (revenue -13.0% year-over-year).
- 2021: Revenue of $177K, expenses of $111K, and assets of $181K (revenue +34.2% year-over-year).
- 2020: Revenue of $132K, expenses of $89K, and assets of $116K (revenue -21.8% year-over-year).
- 2019: Revenue of $168K, expenses of $135K, and assets of $73K (revenue +7.4% year-over-year).
- 2018: Revenue of $156K, expenses of $135K, and assets of $40K (revenue +2.4% year-over-year).
- 2017: Revenue of $153K, expenses of $132K, and assets of $9K (revenue +9.6% year-over-year).
- 2016: Revenue of $139K, expenses of $152K, and assets of $14K (revenue +27.8% year-over-year).
- 2015: Revenue of $109K, expenses of $125K, and assets of $1K (revenue -37.2% year-over-year).
- 2014: Revenue of $174K, expenses of $165K, and assets of $18K (revenue +33.3% year-over-year).
- 2013: Revenue of $130K, expenses of $146K, and assets of $9K (revenue +1.1% year-over-year).
- 2012: Revenue of $129K, expenses of $146K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lawyers Collaborative For Diversity Inc:
Data Sources and Methodology
This transparency report for Lawyers Collaborative For Diversity 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.