Lester Development Corporation
EIN: 882056384 · Lester, IA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $409K |
| Total Expenses | $207K |
| Net Assets | $367K |
Is Lester Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lester Development Corporation
Lester Development Corporation (EIN: 882056384) is a nonprofit organization based in Lester, IA, classified under NTEE code S30. The organization reported total revenue of $409K and total assets of $566K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lester Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lester Development Corporation is a small nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $543K |
| Total Expenses | $207K |
| Surplus / Deficit | +$336K |
| Total Assets | $681K |
| Total Liabilities | $314K |
| Net Assets | $367K |
| Operating Margin | 61.8% |
| Debt-to-Asset Ratio | 46.1% |
| Months of Reserves | 39.5 months |
Financial Health Grade: A
In 2023, Lester Development Corporation reported a surplus of $336K with revenue exceeding expenses, holds 39.5 months of operating reserves (strong position), has a debt-to-asset ratio of 46.1% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lester Development Corporation 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 Lester Development Corporation 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 $336K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.1%.
Frequently Asked Questions about Lester Development Corporation
Is Lester Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lester Development Corporation (EIN: 882056384) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lester Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Lester Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Lester Development Corporation tax-deductible?
Lester Development Corporation is registered as a tax-exempt nonprofit (EIN: 882056384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lester Development Corporation located?
Lester Development Corporation is headquartered in Lester, Iowa and files with the IRS under EIN 882056384. It is classified under NTEE code S30.
Filing History
IRS 990 filing history for Lester Development Corporation showing financial trends over 1 year of public records:
In its most recent filing year (2023), Lester Development Corporation reported a surplus of $336K, with revenue exceeding expenses. The organization holds $314K in liabilities against $681K in assets (debt-to-asset ratio: 46.1%), resulting in net assets of $367K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $543K | $207K | $681K | $314K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lester Development Corporation:
Data Sources and Methodology
This transparency report for Lester Development Corporation 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.