Lcc Recreation Association Inc
Lcc Recreation Association Inc consistently operates near break-even, but recent filings show recurring deficits and growing liabilities.
EIN: 205640399 · Kenbridge, VA · NTEE: N6A · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $201K |
| Program Spending | 80% |
| Net Assets | $-43,614 |
| Transparency Score | 65/100 |
Is Lcc Recreation Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lcc Recreation Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lcc Recreation Association Inc
Lcc Recreation Association Inc (EIN: 205640399) is a nonprofit organization based in Kenbridge, VA, classified under NTEE code N6A. The organization reported total revenue of $205K and total assets of $162K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lcc Recreation Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lcc Recreation Association Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $201K |
| Surplus / Deficit | $-32,591 |
| Total Assets | $178K |
| Total Liabilities | $221K |
| Net Assets | $-43,614 |
| Operating Margin | -19.4% |
| Debt-to-Asset Ratio | 124.6% |
| Months of Reserves | 10.6 months |
Financial Health Grade: C
In 2024, Lcc Recreation Association Inc reported a deficit of $33K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 124.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Lcc Recreation Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -24.2% | -8.8% | -15.8% |
| 2023 | +0.3% | -6.7% | +0.4% |
| 2022 | +29.2% | +28.6% | +82.2% |
| 2021 | -19.7% | -11.3% | +250.5% |
| 2020 | +0.3% | -6.8% | +8.9% |
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 Lcc Recreation Association 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: 80%
- fundraising: 5%
According to IRS 990 filings, Lcc Recreation Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 124.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation, which is a positive sign for resource allocation to programs.
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 Lcc Recreation Association Inc's IRS 990 filings:
- Recurring operational deficits, with expenses exceeding revenue in multiple recent periods (e.g., 202403, 202203).
- Liabilities consistently exceeding assets in the last four reported periods, indicating potential solvency concerns (e.g., $221,220 liabilities vs. $177,606 assets in 202403).
Strengths
The following positive indicators were identified for Lcc Recreation Association Inc:
- Consistent IRS 990 filing history, demonstrating transparency.
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
- Consistent revenue generation over a long period, indicating a stable base of support.
Frequently Asked Questions about Lcc Recreation Association Inc
Is Lcc Recreation Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lcc Recreation Association Inc (EIN: 205640399) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Lcc Recreation Association Inc spend its money?
Lcc Recreation Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lcc Recreation Association Inc tax-deductible?
Lcc Recreation Association Inc is registered as a tax-exempt nonprofit (EIN: 205640399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lcc Recreation Association Inc's spending goes to programs?
Lcc Recreation Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lcc Recreation Association Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Lcc Recreation Association Inc is above average for NTEE category N6A nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lcc Recreation Association Inc located?
Lcc Recreation Association Inc is headquartered in Kenbridge, Virginia and files with the IRS under EIN 205640399. It is classified under NTEE code N6A.
How many years of IRS 990 filings does Lcc Recreation Association Inc have?
Lcc Recreation Association Inc 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 $205K in total revenue.
Is Lcc Recreation Association Inc financially stable?
The organization's financial stability is questionable given that expenses have exceeded revenue in several recent periods (e.g., 202403, 202203, 202103) and liabilities have consistently surpassed assets in the last four filings, reaching $221,220 in liabilities against $177,606 in assets in 202403.
How does Lcc Recreation Association Inc fund its operations?
Based on the consistent revenue figures around $200,000-$220,000, the organization likely relies on a steady stream of community support, membership fees, or program service revenue, though specific sources are not detailed in the provided data.
What is the trend in Lcc Recreation Association Inc's assets and liabilities?
Assets have fluctuated significantly, from a low of $30,203 in 201903 to a high of $210,839 in 202303, before declining to $177,606 in 202403. Liabilities have shown an upward trend in recent years, consistently exceeding assets since 202103, with a notable increase to $221,220 in 202403.
Filing History
IRS 990 filing history for Lcc Recreation Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Lcc Recreation Association Inc's revenue has declined by 23.5%, moving from $220K to $168K. Total assets increased by 2149.6% over the same period, from $8K to $178K. Total functional expenses fell by 11.2%, from $226K to $201K. In its most recent filing year (2024), Lcc Recreation Association Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $221K in liabilities against $178K in assets (debt-to-asset ratio: 124.6%), resulting in net assets of $-43,614.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $168K | $201K | $178K | $221K | — | — |
| 2023 | $221K | $220K | $211K | $222K | — | — |
| 2022 | $221K | $236K | $210K | $223K | — | View 990 |
| 2021 | $171K | $183K | $115K | $113K | — | View 990 |
| 2020 | $213K | $207K | $33K | $0 | — | View 990 |
| 2019 | $212K | $222K | $30K | $22K | — | View 990 |
| 2018 | $212K | $214K | $39K | $22K | — | View 990 |
| 2017 | $221K | $214K | $46K | $27K | — | View 990 |
| 2016 | $202K | $204K | $34K | $22K | — | View 990 |
| 2015 | $211K | $210K | $37K | $23K | — | View 990 |
| 2014 | $247K | $214K | $38K | $25K | — | View 990 |
| 2013 | $210K | $218K | $31K | $49K | — | View 990 |
| 2012 | $220K | $226K | $8K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $168K, expenses of $201K, and assets of $178K (revenue -24.2% year-over-year).
- 2023: Revenue of $221K, expenses of $220K, and assets of $211K (revenue +0.3% year-over-year).
- 2022: Revenue of $221K, expenses of $236K, and assets of $210K (revenue +29.2% year-over-year).
- 2021: Revenue of $171K, expenses of $183K, and assets of $115K (revenue -19.7% year-over-year).
- 2020: Revenue of $213K, expenses of $207K, and assets of $33K (revenue +0.3% year-over-year).
- 2019: Revenue of $212K, expenses of $222K, and assets of $30K (revenue -0.1% year-over-year).
- 2018: Revenue of $212K, expenses of $214K, and assets of $39K (revenue -4.0% year-over-year).
- 2017: Revenue of $221K, expenses of $214K, and assets of $46K (revenue +9.8% year-over-year).
- 2016: Revenue of $202K, expenses of $204K, and assets of $34K (revenue -4.3% year-over-year).
- 2015: Revenue of $211K, expenses of $210K, and assets of $37K (revenue -14.7% year-over-year).
- 2014: Revenue of $247K, expenses of $214K, and assets of $38K (revenue +17.7% year-over-year).
- 2013: Revenue of $210K, expenses of $218K, and assets of $31K (revenue -4.6% year-over-year).
- 2012: Revenue of $220K, expenses of $226K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lcc Recreation Association Inc:
Data Sources and Methodology
This transparency report for Lcc Recreation Association 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.