Les Passees Inc
EIN: 626036378 · Memphis, TN
| Metric | Value |
|---|---|
| Total Revenue | $958K |
| Total Expenses | $210K |
| Net Assets | $1.2M |
Is Les Passees Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Les Passees Inc
Les Passees Inc (EIN: 626036378) is a nonprofit organization based in Memphis, TN. The organization reported total revenue of $958K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Les Passees Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Les Passees Inc is a small nonprofit that has been operating for 72 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $432K |
| Total Expenses | $210K |
| Surplus / Deficit | +$221K |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 51.2% |
| Months of Reserves | 71.0 months |
Financial Health Grade: A
In 2023, Les Passees Inc reported a surplus of $221K with revenue exceeding expenses, holds 71.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Les Passees Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +104.1% | -23.0% | +21.6% |
| 2022 | -15.5% | +65.9% | -5.7% |
| 2021 | +120.5% | -13.8% | +7.2% |
| 2020 | -61.9% | -6.8% | -11.6% |
| 2019 | +27.1% | -5.9% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Les Passees 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 Les Passees 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 $221K, with revenue exceeding expenses.
Frequently Asked Questions about Les Passees Inc
Is Les Passees Inc a legitimate charity?
Les Passees Inc (EIN: 626036378) is a registered tax-exempt nonprofit based in Tennessee. It has 14 years of IRS 990 filings on record. Total revenue: $958K. No red flags identified. Financial health grade: A.
How does Les Passees Inc spend its money?
Les Passees Inc reported $958K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Les Passees Inc tax-deductible?
Les Passees Inc is registered as a tax-exempt nonprofit (EIN: 626036378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Les Passees Inc located?
Les Passees Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 626036378.
How many years of IRS 990 filings does Les Passees Inc have?
Les Passees Inc 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 $958K in total revenue.
Filing History
IRS 990 filing history for Les Passees Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Les Passees Inc's revenue has grown by 51.7%, moving from $284K to $432K. Total assets increased by 39% over the same period, from $895K to $1.2M. Total functional expenses fell by 20.5%, from $265K to $210K. In its most recent filing year (2023), Les Passees Inc reported a surplus of $221K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $432K | $210K | $1.2M | $0 | — | — |
| 2022 | $211K | $273K | $1.0M | $0 | — | — |
| 2021 | $250K | $165K | $1.1M | $0 | — | View 990 |
| 2020 | $114K | $191K | $1.0M | $13K | — | — |
| 2019 | $298K | $205K | $1.1M | $68K | — | View 990 |
| 2018 | $235K | $218K | $1.0M | $50K | — | View 990 |
| 2017 | $290K | $217K | $1.0M | $58K | — | View 990 |
| 2016 | $219K | $219K | $946K | $52K | — | View 990 |
| 2015 | $245K | $226K | $977K | $84K | — | View 990 |
| 2014 | $250K | $210K | $930K | $56K | — | View 990 |
| 2013 | $293K | $223K | $892K | $58K | — | View 990 |
| 2012 | $257K | $252K | $813K | $49K | — | View 990 |
| 2011 | $203K | $244K | $798K | $39K | — | View 990 |
| 2010 | $284K | $265K | $895K | $95K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $432K, expenses of $210K, and assets of $1.2M (revenue +104.1% year-over-year).
- 2022: Revenue of $211K, expenses of $273K, and assets of $1.0M (revenue -15.5% year-over-year).
- 2021: Revenue of $250K, expenses of $165K, and assets of $1.1M (revenue +120.5% year-over-year).
- 2020: Revenue of $114K, expenses of $191K, and assets of $1.0M (revenue -61.9% year-over-year).
- 2019: Revenue of $298K, expenses of $205K, and assets of $1.1M (revenue +27.1% year-over-year).
- 2018: Revenue of $235K, expenses of $218K, and assets of $1.0M (revenue -19.1% year-over-year).
- 2017: Revenue of $290K, expenses of $217K, and assets of $1.0M (revenue +32.1% year-over-year).
- 2016: Revenue of $219K, expenses of $219K, and assets of $946K (revenue -10.5% year-over-year).
- 2015: Revenue of $245K, expenses of $226K, and assets of $977K (revenue -2.0% year-over-year).
- 2014: Revenue of $250K, expenses of $210K, and assets of $930K (revenue -14.4% year-over-year).
- 2013: Revenue of $293K, expenses of $223K, and assets of $892K (revenue +13.9% year-over-year).
- 2012: Revenue of $257K, expenses of $252K, and assets of $813K (revenue +26.7% year-over-year).
- 2011: Revenue of $203K, expenses of $244K, and assets of $798K (revenue -28.8% year-over-year).
- 2010: Revenue of $284K, expenses of $265K, and assets of $895K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Les Passees Inc:
Data Sources and Methodology
This transparency report for Les Passees 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.