Lazos Inc
Lazos Inc. consistently operates at a deficit, drawing down assets despite zero liabilities and volunteer leadership.
EIN: 203220522 · Denver, CO · NTEE: T40 · Updated: 2026-03-28
Is Lazos Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lazos Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lazos Inc
Lazos Inc (EIN: 203220522) is a nonprofit organization based in Denver, CO, classified under NTEE code T40. The organization reported total revenue of $137K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lazos Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lazos Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $170K |
| Surplus / Deficit | $-38,770 |
| Total Assets | $54K |
| Net Assets | $54K |
| Operating Margin | -29.5% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, Lazos Inc reported a deficit of $39K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Lazos Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.5% | +34.9% | -41.6% |
| 2022 | -25.3% | +14.7% | -22.9% |
| 2021 | +45.8% | -17.0% | +21.9% |
| 2020 | -39.4% | +352.8% | -29.8% |
| 2019 | +12.4% | -76.6% | +552.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lazos Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Lazos Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $39K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with revenues typically around $100,000-$150,000.
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 Lazos Inc's IRS 990 filings:
- Recurring operational deficits (e.g., $38,770 deficit in 2023, $27,675 deficit in 2022)
- Declining asset base from $141,217 in 2019 to $54,357 in 2023
- Potential long-term sustainability concerns due to consistent spending exceeding revenue
Strengths
The following positive indicators were identified for Lazos Inc:
- Consistent IRS 990 filing history (13 filings) indicating transparency
- Zero reported liabilities across all available periods, showing no outstanding debt
- 0% officer compensation, suggesting highly efficient administrative costs or volunteer leadership
Frequently Asked Questions about Lazos Inc
Is Lazos Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lazos Inc (EIN: 203220522) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Lazos Inc spend its money?
Lazos Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lazos Inc tax-deductible?
Lazos Inc is registered as a tax-exempt nonprofit (EIN: 203220522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lazos Inc. a good charity?
Lazos Inc. exhibits strengths in transparency (consistent filings, zero liabilities) and efficiency (0% officer compensation). However, its recurring operational deficits and declining assets raise concerns about long-term financial sustainability. Donors should consider if the mission impact outweighs the financial challenges.
Why are expenses consistently higher than revenue?
In recent years, such as 2023 ($170,038 expenses vs. $131,268 revenue) and 2022 ($126,034 expenses vs. $98,359 revenue), Lazos Inc. has spent more than it brought in. This could be due to strategic investments, unexpected costs, or a reliance on prior year reserves, but it's a trend that impacts financial stability.
What caused the significant drop in assets from 2019 to 2023?
Assets decreased from $141,217 in 2019 to $54,357 in 2023. This decline likely reflects the organization using its reserves to cover the operational deficits experienced in subsequent years, as expenses frequently exceeded revenue.
How does Lazos Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based or that compensation is structured in a way that it is not reported under officer compensation, which is unusual for an organization with over $100,000 in annual revenue.
Filing History
IRS 990 filing history for Lazos Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lazos Inc's revenue has grown by 47.8%, moving from $89K to $131K. Total assets increased by 2492.1% over the same period, from $2K to $54K. Total functional expenses rose by 88.9%, from $90K to $170K. In its most recent filing year (2023), Lazos Inc reported a deficit of $39K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $170K | $54K | $0 | — | — |
| 2022 | $98K | $126K | $93K | $0 | — | View 990 |
| 2021 | $132K | $110K | $121K | $0 | — | View 990 |
| 2020 | $90K | $132K | $99K | $0 | — | — |
| 2019 | $149K | $29K | $141K | $0 | — | View 990 |
| 2018 | $132K | $125K | $22K | $0 | — | View 990 |
| 2017 | $101K | $100K | $14K | $0 | — | — |
| 2016 | $106K | $103K | $13K | $0 | — | View 990 |
| 2015 | $124K | $115K | $10K | $0 | — | View 990 |
| 2014 | $111K | $113K | $1K | $100 | — | View 990 |
| 2013 | $87K | $86K | $4K | $100 | — | View 990 |
| 2012 | $88K | $88K | $2K | $100 | — | View 990 |
| 2011 | $89K | $90K | $2K | $100 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $170K, and assets of $54K (revenue +33.5% year-over-year).
- 2022: Revenue of $98K, expenses of $126K, and assets of $93K (revenue -25.3% year-over-year).
- 2021: Revenue of $132K, expenses of $110K, and assets of $121K (revenue +45.8% year-over-year).
- 2020: Revenue of $90K, expenses of $132K, and assets of $99K (revenue -39.4% year-over-year).
- 2019: Revenue of $149K, expenses of $29K, and assets of $141K (revenue +12.4% year-over-year).
- 2018: Revenue of $132K, expenses of $125K, and assets of $22K (revenue +30.9% year-over-year).
- 2017: Revenue of $101K, expenses of $100K, and assets of $14K (revenue -4.9% year-over-year).
- 2016: Revenue of $106K, expenses of $103K, and assets of $13K (revenue -13.9% year-over-year).
- 2015: Revenue of $124K, expenses of $115K, and assets of $10K (revenue +11.3% year-over-year).
- 2014: Revenue of $111K, expenses of $113K, and assets of $1K (revenue +27.5% year-over-year).
- 2013: Revenue of $87K, expenses of $86K, and assets of $4K (revenue -0.9% year-over-year).
- 2012: Revenue of $88K, expenses of $88K, and assets of $2K (revenue -1.0% year-over-year).
- 2011: Revenue of $89K, expenses of $90K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lazos Inc:
Data Sources and Methodology
This transparency report for Lazos 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.