Lbs Rsq Foundation
EIN: 822193876 · Fitzhugh, OK · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $5K |
| Net Assets | $3K |
Is Lbs Rsq Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lbs Rsq Foundation
Lbs Rsq Foundation (EIN: 822193876) is a nonprofit organization based in Fitzhugh, OK, classified under NTEE code D20. The organization reported total revenue of $2K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lbs Rsq Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lbs Rsq Foundation is a micro nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $5K |
| Surplus / Deficit | $-514 |
| Total Assets | $3K |
| Total Liabilities | $1 |
| Net Assets | $3K |
| Operating Margin | -11.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Lbs Rsq Foundation reported a deficit of $514 with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Lbs Rsq Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.1% | -38.7% | -14.1% |
| 2022 | +2.2% | -11.4% | +202.8% |
| 2021 | +3785.8% | +2267.6% | +120000.0% |
| 2020 | -79.4% | -67.2% | -99.1% |
| 2019 | -29.0% | -35.4% | +11500.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lbs Rsq Foundation 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 Lbs Rsq Foundation 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 $514, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Lbs Rsq Foundation
Is Lbs Rsq Foundation a legitimate charity?
Lbs Rsq Foundation (EIN: 822193876) is a registered tax-exempt nonprofit based in Oklahoma. It has 6 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: B.
How does Lbs Rsq Foundation spend its money?
Lbs Rsq Foundation reported $2K 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 Lbs Rsq Foundation tax-deductible?
Lbs Rsq Foundation is registered as a tax-exempt nonprofit (EIN: 822193876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lbs Rsq Foundation located?
Lbs Rsq Foundation is headquartered in Fitzhugh, Oklahoma and files with the IRS under EIN 822193876. It is classified under NTEE code D20.
How many years of IRS 990 filings does Lbs Rsq Foundation have?
Lbs Rsq Foundation 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 $2K in total revenue.
Filing History
IRS 990 filing history for Lbs Rsq Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Lbs Rsq Foundation's revenue has grown by 143.1%, moving from $2K to $4K. Total assets increased by 312200% over the same period, from $1 to $3K. Total functional expenses rose by 172%, from $2K to $5K. In its most recent filing year (2023), Lbs Rsq Foundation reported a deficit of $514, with expenses exceeding revenue. The organization holds $1 in liabilities against $3K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $5K | $3K | $1 | — | — |
| 2022 | $10K | $8K | $4K | $1 | — | View 990 |
| 2021 | $10K | $9K | $1K | $1 | — | — |
| 2020 | $260 | $376 | $1 | $1 | — | — |
| 2019 | $1K | $1K | $116 | $1 | — | View 990 |
| 2018 | $2K | $2K | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $5K, and assets of $3K (revenue -58.1% year-over-year).
- 2022: Revenue of $10K, expenses of $8K, and assets of $4K (revenue +2.2% year-over-year).
- 2021: Revenue of $10K, expenses of $9K, and assets of $1K (revenue +3785.8% year-over-year).
- 2020: Revenue of $260, expenses of $376, and assets of $1 (revenue -79.4% year-over-year).
- 2019: Revenue of $1K, expenses of $1K, and assets of $116 (revenue -29.0% year-over-year).
- 2018: Revenue of $2K, expenses of $2K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lbs Rsq Foundation:
Data Sources and Methodology
This transparency report for Lbs Rsq Foundation 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.