Lets Innovate Through Education
EIN: 472532088 · Memphis, TN · NTEE: B80
| Metric | Value |
|---|---|
| Total Revenue | $429K |
| Total Expenses | $503K |
| Net Assets | $200K |
Is Lets Innovate Through Education Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lets Innovate Through Education
Lets Innovate Through Education (EIN: 472532088) is a nonprofit organization based in Memphis, TN, classified under NTEE code B80. The organization reported total revenue of $429K and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lets Innovate Through Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lets Innovate Through Education is a small nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2016–2022). Revenue has grown at a compound annual rate of 28.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $429K |
| Total Expenses | $503K |
| Surplus / Deficit | $-74,146 |
| Total Assets | $211K |
| Total Liabilities | $11K |
| Net Assets | $200K |
| Operating Margin | -17.3% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2022, Lets Innovate Through Education reported a deficit of $74K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 6 years of filings (2016–2022), Lets Innovate Through Education's revenue has grown at a compound annual growth rate (CAGR) of 28.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -28.5% | -1.2% | -28.0% |
| 2021 | -3.9% | +1.2% | +19.0% |
| 2020 | +30.4% | +30.8% | +2.7% |
| 2018 | +74.9% | +87.8% | +74.8% |
| 2017 | +182.7% | +328.0% | +99.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lets Innovate Through Education 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 Lets Innovate Through Education 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Lets Innovate Through Education
Is Lets Innovate Through Education a legitimate charity?
Based on AI analysis of IRS 990 filings, Lets Innovate Through Education (EIN: 472532088) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lets Innovate Through Education spend its money?
Detailed spending breakdown data is not yet available for Lets Innovate Through Education. Check back for updated IRS 990 analysis.
Are donations to Lets Innovate Through Education tax-deductible?
Lets Innovate Through Education is registered as a tax-exempt nonprofit (EIN: 472532088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lets Innovate Through Education located?
Lets Innovate Through Education is headquartered in Memphis, Tennessee and files with the IRS under EIN 472532088. It is classified under NTEE code B80.
How many years of IRS 990 filings does Lets Innovate Through Education have?
Lets Innovate Through Education has 6 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 $429K in total revenue.
Filing History
IRS 990 filing history for Lets Innovate Through Education showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2016–2022), Lets Innovate Through Education's revenue has grown by 343.3%, moving from $97K to $429K. Total assets increased by 206.4% over the same period, from $69K to $211K. Total functional expenses rose by 951.5%, from $48K to $503K. In its most recent filing year (2022), Lets Innovate Through Education reported a deficit of $74K, with expenses exceeding revenue. The organization holds $11K in liabilities against $211K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $200K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $429K | $503K | $211K | $11K | — | View 990 |
| 2021 | $600K | $509K | $293K | $19K | — | — |
| 2020 | $624K | $503K | $246K | $63K | — | View 990 |
| 2018 | $479K | $385K | $240K | $11K | — | View 990 |
| 2017 | $274K | $205K | $137K | $2K | — | View 990 |
| 2016 | $97K | $48K | $69K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $429K, expenses of $503K, and assets of $211K (revenue -28.5% year-over-year).
- 2021: Revenue of $600K, expenses of $509K, and assets of $293K (revenue -3.9% year-over-year).
- 2020: Revenue of $624K, expenses of $503K, and assets of $246K (revenue +30.4% year-over-year).
- 2018: Revenue of $479K, expenses of $385K, and assets of $240K (revenue +74.9% year-over-year).
- 2017: Revenue of $274K, expenses of $205K, and assets of $137K (revenue +182.7% year-over-year).
- 2016: Revenue of $97K, expenses of $48K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lets Innovate Through Education:
Data Sources and Methodology
This transparency report for Lets Innovate Through Education 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.