Lea Community Foundation For The Arts
EIN: 464885386 · Lovington, NM · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $229K |
| Total Expenses | $133K |
| Net Assets | $102K |
Is Lea Community Foundation For The Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lea Community Foundation For The Arts
Lea Community Foundation For The Arts (EIN: 464885386) is a nonprofit organization based in Lovington, NM, classified under NTEE code T30. The organization reported total revenue of $229K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lea Community Foundation For The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lea Community Foundation For The Arts is a small nonprofit that has been operating for 10 years, with 3 years of IRS 990 filings on record (2015–2017). Revenue has grown at a compound annual rate of 121.1%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $229K |
| Total Expenses | $133K |
| Surplus / Deficit | +$96K |
| Total Assets | $103K |
| Total Liabilities | $914 |
| Net Assets | $102K |
| Operating Margin | 41.8% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2017, Lea Community Foundation For The Arts reported a surplus of $96K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 3 years of filings (2015–2017), Lea Community Foundation For The Arts's revenue has grown at a compound annual growth rate (CAGR) of 121.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +145.0% | +36.0% | +1336.3% |
| 2016 | +99.5% | +170.5% | -32.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lea Community Foundation For The Arts 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 Lea Community Foundation For The Arts 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Lea Community Foundation For The Arts
Is Lea Community Foundation For The Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Lea Community Foundation For The Arts (EIN: 464885386) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lea Community Foundation For The Arts spend its money?
Detailed spending breakdown data is not yet available for Lea Community Foundation For The Arts. Check back for updated IRS 990 analysis.
Are donations to Lea Community Foundation For The Arts tax-deductible?
Lea Community Foundation For The Arts is registered as a tax-exempt nonprofit (EIN: 464885386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lea Community Foundation For The Arts located?
Lea Community Foundation For The Arts is headquartered in Lovington, New Mexico and files with the IRS under EIN 464885386. It is classified under NTEE code T30.
How many years of IRS 990 filings does Lea Community Foundation For The Arts have?
Lea Community Foundation For The Arts has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $229K in total revenue.
Filing History
IRS 990 filing history for Lea Community Foundation For The Arts showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2015–2017), Lea Community Foundation For The Arts's revenue has grown by 388.8%, moving from $47K to $229K. Total assets increased by 867.2% over the same period, from $11K to $103K. Total functional expenses rose by 267.9%, from $36K to $133K. In its most recent filing year (2017), Lea Community Foundation For The Arts reported a surplus of $96K, with revenue exceeding expenses. The organization holds $914 in liabilities against $103K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $102K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $229K | $133K | $103K | $914 | — | View 990 |
| 2016 | $93K | $98K | $7K | $1K | — | — |
| 2015 | $47K | $36K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $229K, expenses of $133K, and assets of $103K (revenue +145.0% year-over-year).
- 2016: Revenue of $93K, expenses of $98K, and assets of $7K (revenue +99.5% year-over-year).
- 2015: Revenue of $47K, expenses of $36K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lea Community Foundation For The Arts:
Data Sources and Methodology
This transparency report for Lea Community Foundation For The Arts 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.