Legends Of Gold Inc
EIN: 273794971 · Beresford, SD · NTEE: N60
| Metric | Value |
|---|---|
| Total Revenue | $281K |
| Total Expenses | $437K |
| Net Assets | $525K |
Is Legends Of Gold Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legends Of Gold Inc
Legends Of Gold Inc (EIN: 273794971) is a nonprofit organization based in Beresford, SD, classified under NTEE code N60. The organization reported total revenue of $281K and total assets of $511K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legends Of Gold Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legends Of Gold Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $447K |
| Total Expenses | $437K |
| Surplus / Deficit | +$10K |
| Total Assets | $542K |
| Total Liabilities | $17K |
| Net Assets | $525K |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 14.9 months |
Financial Health Grade: A
In 2023, Legends Of Gold Inc reported a surplus of $10K with revenue exceeding expenses, holds 14.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Legends Of Gold Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.2% | -18.5% | -6.9% |
| 2022 | +23.7% | +24.0% | +13.8% |
| 2021 | -16.4% | -5.4% | +0.8% |
| 2020 | +29.3% | +15.4% | -31.1% |
| 2019 | -21.4% | +1.4% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legends Of Gold 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 Legends Of Gold 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 surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.2%.
Frequently Asked Questions about Legends Of Gold Inc
Is Legends Of Gold Inc a legitimate charity?
Legends Of Gold Inc (EIN: 273794971) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $281K. No red flags identified. Financial health grade: A.
How does Legends Of Gold Inc spend its money?
Legends Of Gold Inc reported $281K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legends Of Gold Inc tax-deductible?
Legends Of Gold Inc is registered as a tax-exempt nonprofit (EIN: 273794971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legends Of Gold Inc located?
Legends Of Gold Inc is headquartered in Beresford, South Dakota and files with the IRS under EIN 273794971. It is classified under NTEE code N60.
How many years of IRS 990 filings does Legends Of Gold Inc have?
Legends Of Gold 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 $281K in total revenue.
Filing History
IRS 990 filing history for Legends Of Gold Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Legends Of Gold Inc's revenue has grown by 615.1%, moving from $63K to $447K. Total assets increased by 107.7% over the same period, from $261K to $542K. Total functional expenses rose by 375.4%, from $92K to $437K. In its most recent filing year (2023), Legends Of Gold Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $17K in liabilities against $542K in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $525K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $447K | $437K | $542K | $17K | — | — |
| 2022 | $540K | $537K | $582K | $67K | — | View 990 |
| 2021 | $437K | $433K | $512K | $0 | — | View 990 |
| 2020 | $522K | $457K | $508K | $0 | — | View 990 |
| 2019 | $404K | $396K | $737K | $315K | — | View 990 |
| 2018 | $513K | $391K | $703K | $414K | — | View 990 |
| 2017 | $432K | $429K | $548K | $253K | — | View 990 |
| 2016 | $385K | $342K | $555K | $83K | — | View 990 |
| 2015 | $283K | $184K | $493K | $0 | — | View 990 |
| 2014 | $330K | $209K | $394K | $0 | — | View 990 |
| 2013 | $355K | $262K | $432K | $0 | — | View 990 |
| 2012 | $169K | $139K | $278K | $231K | — | View 990 |
| 2011 | $63K | $92K | $261K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $447K, expenses of $437K, and assets of $542K (revenue -17.2% year-over-year).
- 2022: Revenue of $540K, expenses of $537K, and assets of $582K (revenue +23.7% year-over-year).
- 2021: Revenue of $437K, expenses of $433K, and assets of $512K (revenue -16.4% year-over-year).
- 2020: Revenue of $522K, expenses of $457K, and assets of $508K (revenue +29.3% year-over-year).
- 2019: Revenue of $404K, expenses of $396K, and assets of $737K (revenue -21.4% year-over-year).
- 2018: Revenue of $513K, expenses of $391K, and assets of $703K (revenue +18.8% year-over-year).
- 2017: Revenue of $432K, expenses of $429K, and assets of $548K (revenue +12.4% year-over-year).
- 2016: Revenue of $385K, expenses of $342K, and assets of $555K (revenue +35.9% year-over-year).
- 2015: Revenue of $283K, expenses of $184K, and assets of $493K (revenue -14.3% year-over-year).
- 2014: Revenue of $330K, expenses of $209K, and assets of $394K (revenue -7.0% year-over-year).
- 2013: Revenue of $355K, expenses of $262K, and assets of $432K (revenue +109.7% year-over-year).
- 2012: Revenue of $169K, expenses of $139K, and assets of $278K (revenue +171.0% year-over-year).
- 2011: Revenue of $63K, expenses of $92K, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legends Of Gold Inc:
Data Sources and Methodology
This transparency report for Legends Of Gold 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.