Lctcs Foundation
Lctcs Foundation shows fluctuating revenues and expenses, maintaining 0% officer compensation over a decade.
EIN: 205432053 · Baton Rouge, LA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $3.4M |
| Transparency Score | 90/100 |
Is Lctcs Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lctcs Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lctcs Foundation
Lctcs Foundation (EIN: 205432053) is a nonprofit organization based in Baton Rouge, LA, classified under NTEE code B82. The organization reported total revenue of $1.1M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lctcs Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lctcs Foundation is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-87,661 |
| Total Assets | $4.0M |
| Total Liabilities | $627K |
| Net Assets | $3.4M |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 25.9 months |
Financial Health Grade: B
In 2023, Lctcs Foundation reported a deficit of $88K with expenses exceeding revenue, holds 25.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lctcs Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | +79.2% | -28.3% |
| 2022 | +176.5% | +43.5% | +36.4% |
| 2021 | -52.1% | -53.3% | +8.6% |
| 2020 | +77.8% | +298.8% | -1.8% |
| 2019 | +7.1% | +15.4% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Lctcs Foundation 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, Lctcs Foundation 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 $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a foundation with assets exceeding $4 million.
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 Lctcs Foundation's IRS 990 filings:
- Significant year-over-year revenue and expense fluctuations, making financial planning and predictability challenging.
- Expenses exceeded revenue in multiple years (e.g., 2023, 2017), indicating potential reliance on reserves or asset drawdowns.
Strengths
The following positive indicators were identified for Lctcs Foundation:
- Consistent 0% officer compensation across all filings, demonstrating strong financial stewardship and transparency regarding executive pay.
- Healthy asset growth over the long term, from $2,097,785 in 2014 to $4,019,463 in 2023, indicating financial stability.
- Significant revenue generation, with a peak of over $2 million in 2022, showing capacity to attract substantial funding.
Frequently Asked Questions about Lctcs Foundation
Is Lctcs Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lctcs Foundation (EIN: 205432053) some concerns. Mission Score: 90/100. 2 red flags identified, 3 strengths noted.
How does Lctcs Foundation spend its money?
Lctcs Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lctcs Foundation tax-deductible?
Lctcs Foundation is registered as a tax-exempt nonprofit (EIN: 205432053). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lctcs Foundation CEO make?
Lctcs Foundation's highest-compensated officer earns $4 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lctcs Foundation's spending goes to programs?
Lctcs Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lctcs Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lctcs Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lctcs Foundation located?
Lctcs Foundation is headquartered in Baton Rouge, Louisiana and files with the IRS under EIN 205432053. It is classified under NTEE code B82.
How many years of IRS 990 filings does Lctcs Foundation have?
Lctcs Foundation has 14 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 $1.1M in total revenue.
How does Lctcs Foundation manage its expenses during years when they exceed revenue, such as in 2023?
In years where expenses exceed revenue, like 2023 ($1,860,646 expenses vs. $1,772,985 revenue), the foundation likely draws upon its accumulated assets or prior year surpluses to cover the difference. For instance, assets increased from $3,784,405 in 2020 to $5,607,687 in 2022, providing a buffer.
What is the primary source of the Lctcs Foundation's revenue given its fluctuations?
While specific sources are not detailed in the provided data, the significant fluctuations in revenue, from a low of $623,993 in 2015 to a high of $2,094,680 in 2022, suggest a reliance on grants, large donations, or investment income, which can be less predictable than consistent program service fees.
Does the 0% officer compensation indicate a fully volunteer-led executive team?
The consistent reporting of 0% officer compensation strongly suggests that the executive leadership, or at least the officers reported on the 990, are serving in a volunteer capacity or are compensated by an affiliated entity, which is a significant positive for donor confidence.
Filing History
IRS 990 filing history for Lctcs Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lctcs Foundation's revenue has grown by 436.3%, moving from $331K to $1.8M. Total assets increased by 676.1% over the same period, from $518K to $4.0M. Total functional expenses rose by 399%, from $373K to $1.9M. In its most recent filing year (2023), Lctcs Foundation reported a deficit of $88K, with expenses exceeding revenue. The organization holds $627K in liabilities against $4.0M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $4.0M | $627K | — | — |
| 2022 | $2.1M | $1.0M | $5.6M | $2.1M | — | View 990 |
| 2021 | $757K | $724K | $4.1M | $1.6M | — | View 990 |
| 2020 | $1.6M | $1.6M | $3.8M | $1.3M | — | View 990 |
| 2019 | $890K | $389K | $3.9M | $1.4M | — | View 990 |
| 2018 | $831K | $337K | $4.2M | $2.3M | — | View 990 |
| 2017 | $873K | $1.1M | $5.0M | $3.6M | — | View 990 |
| 2016 | $700K | $594K | $2.8M | $1.1M | — | View 990 |
| 2015 | $624K | $402K | $2.7M | $1.1M | — | View 990 |
| 2014 | $1.3M | $366K | $2.1M | $759K | — | View 990 |
| 2013 | $375K | $342K | $943K | $574K | — | View 990 |
| 2012 | $361K | $357K | $998K | $666K | — | View 990 |
| 2011 | $328K | $238K | $1.9M | $1.6M | — | View 990 |
| 2010 | $331K | $373K | $518K | $279K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $4.0M (revenue -15.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.0M, and assets of $5.6M (revenue +176.5% year-over-year).
- 2021: Revenue of $757K, expenses of $724K, and assets of $4.1M (revenue -52.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $3.8M (revenue +77.8% year-over-year).
- 2019: Revenue of $890K, expenses of $389K, and assets of $3.9M (revenue +7.1% year-over-year).
- 2018: Revenue of $831K, expenses of $337K, and assets of $4.2M (revenue -4.7% year-over-year).
- 2017: Revenue of $873K, expenses of $1.1M, and assets of $5.0M (revenue +24.7% year-over-year).
- 2016: Revenue of $700K, expenses of $594K, and assets of $2.8M (revenue +12.1% year-over-year).
- 2015: Revenue of $624K, expenses of $402K, and assets of $2.7M (revenue -53.3% year-over-year).
- 2014: Revenue of $1.3M, expenses of $366K, and assets of $2.1M (revenue +256.1% year-over-year).
- 2013: Revenue of $375K, expenses of $342K, and assets of $943K (revenue +4.1% year-over-year).
- 2012: Revenue of $361K, expenses of $357K, and assets of $998K (revenue +10.0% year-over-year).
- 2011: Revenue of $328K, expenses of $238K, and assets of $1.9M (revenue -0.8% year-over-year).
- 2010: Revenue of $331K, expenses of $373K, and assets of $518K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lctcs Foundation:
Data Sources and Methodology
This transparency report for Lctcs 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.