Legalworks Inc
EIN: 383984750 · Cleveland, OH · NTEE: I80
| Metric | Value |
|---|---|
| Total Revenue | $562K |
| Total Expenses | $386K |
| Net Assets | $77K |
Is Legalworks Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legalworks Inc
Legalworks Inc (EIN: 383984750) is a nonprofit organization based in Cleveland, OH, classified under NTEE code I80. The organization reported total revenue of $562K and total assets of $193K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legalworks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legalworks Inc is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 35.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $386K |
| Surplus / Deficit | $-873 |
| Total Assets | $80K |
| Total Liabilities | $3K |
| Net Assets | $77K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2023, Legalworks Inc reported a deficit of $873 with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Legalworks Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.7% | +53.4% | -1.2% |
| 2022 | +69.8% | +43.4% | +86.4% |
| 2021 | +94.9% | +121.7% | -8.4% |
| 2020 | -24.7% | -4.6% | +20.1% |
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 Legalworks Inc 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 Legalworks Inc 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 $873, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Legalworks Inc
Is Legalworks Inc a legitimate charity?
Legalworks Inc (EIN: 383984750) is a registered tax-exempt nonprofit based in Ohio. It has 5 years of IRS 990 filings on record. Total revenue: $562K. No red flags identified. Financial health grade: C.
How does Legalworks Inc spend its money?
Legalworks Inc reported $562K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legalworks Inc tax-deductible?
Legalworks Inc is registered as a tax-exempt nonprofit (EIN: 383984750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legalworks Inc located?
Legalworks Inc is headquartered in Cleveland, Ohio and files with the IRS under EIN 383984750. It is classified under NTEE code I80.
How many years of IRS 990 filings does Legalworks Inc have?
Legalworks Inc has 5 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 $562K in total revenue.
Filing History
IRS 990 filing history for Legalworks Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Legalworks Inc's revenue has grown by 233.2%, moving from $116K to $385K. Total assets increased by 102.5% over the same period, from $39K to $80K. Total functional expenses rose by 365.7%, from $83K to $386K. In its most recent filing year (2023), Legalworks Inc reported a deficit of $873, with expenses exceeding revenue. The organization holds $3K in liabilities against $80K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $77K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $385K | $386K | $80K | $3K | — | View 990 |
| 2022 | $288K | $252K | $81K | $3K | — | View 990 |
| 2021 | $170K | $175K | $43K | $2K | — | — |
| 2020 | $87K | $79K | $47K | $0 | — | View 990 |
| 2019 | $116K | $83K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $385K, expenses of $386K, and assets of $80K (revenue +33.7% year-over-year).
- 2022: Revenue of $288K, expenses of $252K, and assets of $81K (revenue +69.8% year-over-year).
- 2021: Revenue of $170K, expenses of $175K, and assets of $43K (revenue +94.9% year-over-year).
- 2020: Revenue of $87K, expenses of $79K, and assets of $47K (revenue -24.7% year-over-year).
- 2019: Revenue of $116K, expenses of $83K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legalworks Inc:
Data Sources and Methodology
This transparency report for Legalworks 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.