Letcher Community Developmentfoundation
Letcher Community Developmentfoundation experiences significant decline in revenue and assets over the last decade.
EIN: 204540526 · Letcher, SD · NTEE: P990 · Updated: 2026-03-28
Is Letcher Community Developmentfoundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Letcher Community Developmentfoundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Letcher Community Developmentfoundation
Letcher Community Developmentfoundation (EIN: 204540526) is a nonprofit organization based in Letcher, SD, classified under NTEE code P990. The organization reported total revenue of $22K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Letcher Community Developmentfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Letcher Community Developmentfoundation is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | +$203 |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | 9.9% |
| Months of Reserves | 19.9 months |
Financial Health Grade: A
In 2023, Letcher Community Developmentfoundation reported a surplus of $203 with revenue exceeding expenses, holds 19.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Letcher Community Developmentfoundation's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.5% | -76.9% | +7.1% |
| 2022 | +1456.8% | +482.0% | +1.1% |
| 2020 | -100.0% | -95.5% | -4.8% |
| 2019 | -52.4% | -56.9% | -41.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Letcher Community Developmentfoundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Letcher Community Developmentfoundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $203, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% of expenses across all available filings, indicating that the organization operates without paid officers, which is common for very small or volunteer-run entities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Letcher Community Developmentfoundation's IRS 990 filings:
- Significant and consistent decline in annual revenue from $141,696 in 2014 to $2,056 in 2023.
- Substantial decrease in total assets from $94,956 in 2014 to $3,072 in 2023, indicating shrinking capacity.
- Expenses frequently exceed revenue, such as in 2015 ($91,660 expenses vs. $50,835 revenue) and 2016 ($59,136 expenses vs. $19,680 revenue), suggesting reliance on reserves or prior year funding.
Strengths
The following positive indicators were identified for Letcher Community Developmentfoundation:
- Consistent filing of IRS 990 forms, demonstrating basic transparency.
- Zero reported officer compensation across all filings, indicating a volunteer-driven or highly cost-efficient leadership structure.
- No reported liabilities in any of the available filings, suggesting good debt management.
Frequently Asked Questions about Letcher Community Developmentfoundation
Is Letcher Community Developmentfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Letcher Community Developmentfoundation (EIN: 204540526) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Letcher Community Developmentfoundation spend its money?
Letcher Community Developmentfoundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Letcher Community Developmentfoundation tax-deductible?
Letcher Community Developmentfoundation is registered as a tax-exempt nonprofit (EIN: 204540526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Letcher Community Developmentfoundation a good charity?
The organization demonstrates transparency by consistently filing its 990s and reporting no officer compensation. However, its significant decline in revenue and assets from $141,696 (2014) to $2,056 (2023) and $94,956 (2014) to $3,072 (2023) respectively, raises concerns about its current operational capacity and impact.
What caused the drastic decline in revenue and assets?
The provided data does not specify the reasons for the decline. Further investigation into the organization's activities and funding sources would be needed to understand why revenue dropped from $141,696 in 2014 to $2,056 in 2023, and assets from $94,956 to $3,072 in the same period.
What programs does the organization currently run?
The NTEE code P990 is very general ('All Other Community Development'), and the provided financial data does not offer specific details on the programs or activities the organization undertakes, especially given its reduced financial scale.
Filing History
IRS 990 filing history for Letcher Community Developmentfoundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Letcher Community Developmentfoundation's revenue has declined by 67.3%, moving from $6K to $2K. Total assets decreased by 63.1% over the same period, from $8K to $3K. Total functional expenses fell by 65.8%, from $5K to $2K. In its most recent filing year (2023), Letcher Community Developmentfoundation reported a surplus of $203, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $2K | $3K | $0 | — | — |
| 2022 | $8K | $8K | $3K | $0 | — | View 990 |
| 2021 | $518 | $1K | $3K | $0 | — | View 990 |
| 2020 | $0 | $187 | $4K | $0 | — | — |
| 2019 | $1K | $4K | $4K | $0 | — | View 990 |
| 2018 | $3K | $10K | $7K | $0 | — | View 990 |
| 2017 | $2K | $3K | $13K | $0 | — | View 990 |
| 2016 | $20K | $59K | $15K | $0 | — | View 990 |
| 2015 | $51K | $92K | $54K | $0 | — | View 990 |
| 2014 | $142K | $57K | $95K | $0 | — | View 990 |
| 2013 | $6K | $6K | $9K | $0 | — | View 990 |
| 2012 | $4K | $4K | $9K | $0 | — | View 990 |
| 2011 | $6K | $5K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $2K, and assets of $3K (revenue -74.5% year-over-year).
- 2022: Revenue of $8K, expenses of $8K, and assets of $3K (revenue +1456.8% year-over-year).
- 2021: Revenue of $518, expenses of $1K, and assets of $3K.
- 2020: Revenue of $0, expenses of $187, and assets of $4K (revenue -100.0% year-over-year).
- 2019: Revenue of $1K, expenses of $4K, and assets of $4K (revenue -52.4% year-over-year).
- 2018: Revenue of $3K, expenses of $10K, and assets of $7K (revenue +49.0% year-over-year).
- 2017: Revenue of $2K, expenses of $3K, and assets of $13K (revenue -89.9% year-over-year).
- 2016: Revenue of $20K, expenses of $59K, and assets of $15K (revenue -61.3% year-over-year).
- 2015: Revenue of $51K, expenses of $92K, and assets of $54K (revenue -64.1% year-over-year).
- 2014: Revenue of $142K, expenses of $57K, and assets of $95K (revenue +2346.4% year-over-year).
- 2013: Revenue of $6K, expenses of $6K, and assets of $9K (revenue +46.2% year-over-year).
- 2012: Revenue of $4K, expenses of $4K, and assets of $9K (revenue -37.0% year-over-year).
- 2011: Revenue of $6K, expenses of $5K, and assets of $8K.
Data Sources and Methodology
This transparency report for Letcher Community Developmentfoundation 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.