Lha Enterprise Development Inc
Lha Enterprise Development Inc. shows strong asset growth and zero officer compensation amidst highly volatile revenue and expense patterns.
EIN: 204597332 · Laurel, MS · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $39K |
| Program Spending | 90% |
| Net Assets | $3.9M |
| Transparency Score | 85/100 |
Is Lha Enterprise Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lha Enterprise Development Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lha Enterprise Development Inc
Lha Enterprise Development Inc (EIN: 204597332) is a nonprofit organization based in Laurel, MS, classified under NTEE code L20. The organization reported total revenue of $143K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lha Enterprise Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lha Enterprise Development Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $39K |
| Surplus / Deficit | +$1.2M |
| Total Assets | $3.9M |
| Net Assets | $3.9M |
| Operating Margin | 96.9% |
| Months of Reserves | 1193.5 months |
Financial Health Grade: A
In 2023, Lha Enterprise Development Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 1193.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lha Enterprise Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10730.5% | +45.2% | +46.0% |
| 2022 | -70.7% | -91.1% | +165.3% |
| 2021 | -83.7% | +120.4% | -20.7% |
| 2020 | +628.7% | -37.8% | +9.4% |
| 2019 | -96.9% | +21.5% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Lha Enterprise Development Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lha Enterprise Development Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.2M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for spending efficiency.
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 Lha Enterprise Development Inc's IRS 990 filings:
- Highly volatile revenue and expense patterns, making consistent operational analysis difficult.
- Significant disparity between revenue and expenses in certain years (e.g., 2023 revenue of $1.27M vs. expenses of $39K), which could indicate funds being held rather than immediately deployed for programs, or unusual accounting practices.
Strengths
The following positive indicators were identified for Lha Enterprise Development Inc:
- Consistent 0% officer compensation, indicating strong commitment to minimizing administrative costs.
- Zero liabilities reported in most periods, demonstrating excellent financial management and low debt risk.
- Substantial and consistent asset growth over the past decade, increasing financial capacity.
- Strong program spending ratio (estimated 90%) based on the 2023 filing where expenses were very low relative to revenue, suggesting a high proportion of actual spending goes to mission-related activities when funds are deployed.
Frequently Asked Questions about Lha Enterprise Development Inc
Is Lha Enterprise Development Inc a legitimate charity?
Lha Enterprise Development Inc (EIN: 204597332) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $143K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Lha Enterprise Development Inc spend its money?
Lha Enterprise Development Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lha Enterprise Development Inc tax-deductible?
Lha Enterprise Development Inc is registered as a tax-exempt nonprofit (EIN: 204597332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lha Enterprise Development Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lha Enterprise Development Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lha Enterprise Development Inc located?
Lha Enterprise Development Inc is headquartered in Laurel, Mississippi and files with the IRS under EIN 204597332. It is classified under NTEE code L20.
How many years of IRS 990 filings does Lha Enterprise Development Inc have?
Lha Enterprise Development 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 $143K in total revenue.
What caused the significant revenue increase to $1,276,596 in 2023 and the corresponding low expenses of $39,481?
The 2023 filing shows a dramatic increase in revenue compared to previous years, while expenses remained very low. This could indicate a large one-time grant, a significant capital contribution, or a change in accounting for certain income streams, with the majority of funds potentially being held for future projects rather than spent in that period.
How does Lha Enterprise Development Inc. manage its programs with such fluctuating expenses?
The highly variable expense figures, such as $304,652 in 2021 versus $39,481 in 2023, suggest that program activities might be project-based or dependent on specific funding cycles, leading to inconsistent operational spending year-to-year.
What is the nature of the organization's assets, which grew from $243,266 in 2014 to $3,926,811 in 2023?
The substantial and consistent growth in assets, particularly the large jump in 2023, suggests significant capital accumulation. Understanding if these assets are liquid, invested in program-related properties, or held as endowments would provide more insight into the organization's long-term financial strategy and capacity.
Given the 0% officer compensation, how are administrative and operational functions sustained?
The absence of reported officer compensation implies a reliance on volunteer leadership, pro-bono services, or that compensation is categorized differently. This model can significantly reduce administrative overhead, but it's important to understand the sustainability and capacity of such a structure for a growing organization.
Filing History
IRS 990 filing history for Lha Enterprise Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lha Enterprise Development Inc's revenue has grown by 3191.6%, moving from $39K to $1.3M. Total assets increased by 6713.4% over the same period, from $58K to $3.9M. Total functional expenses rose by 2706%, from $1K to $39K. In its most recent filing year (2023), Lha Enterprise Development Inc reported a surplus of $1.2M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $39K | $3.9M | $0 | — | — |
| 2022 | $12K | $27K | $2.7M | $0 | — | View 990 |
| 2021 | $40K | $305K | $1.0M | $0 | — | View 990 |
| 2020 | $248K | $138K | $1.3M | $828 | — | View 990 |
| 2019 | $34K | $222K | $1.2M | $0 | — | View 990 |
| 2018 | $1.1M | $183K | $1.3M | $0 | — | View 990 |
| 2017 | $5K | $91K | $367K | $0 | — | — |
| 2016 | $11K | $6K | $452K | $0 | — | View 990 |
| 2015 | $226K | $21K | $448K | $0 | — | View 990 |
| 2014 | $155K | $56K | $243K | $0 | — | View 990 |
| 2013 | $94K | $7K | $144K | $0 | — | View 990 |
| 2012 | $3K | $4K | $57K | $0 | — | View 990 |
| 2011 | $39K | $1K | $58K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $39K, and assets of $3.9M (revenue +10730.5% year-over-year).
- 2022: Revenue of $12K, expenses of $27K, and assets of $2.7M (revenue -70.7% year-over-year).
- 2021: Revenue of $40K, expenses of $305K, and assets of $1.0M (revenue -83.7% year-over-year).
- 2020: Revenue of $248K, expenses of $138K, and assets of $1.3M (revenue +628.7% year-over-year).
- 2019: Revenue of $34K, expenses of $222K, and assets of $1.2M (revenue -96.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $183K, and assets of $1.3M (revenue +23385.3% year-over-year).
- 2017: Revenue of $5K, expenses of $91K, and assets of $367K (revenue -57.3% year-over-year).
- 2016: Revenue of $11K, expenses of $6K, and assets of $452K (revenue -95.2% year-over-year).
- 2015: Revenue of $226K, expenses of $21K, and assets of $448K (revenue +45.2% year-over-year).
- 2014: Revenue of $155K, expenses of $56K, and assets of $243K (revenue +65.6% year-over-year).
- 2013: Revenue of $94K, expenses of $7K, and assets of $144K (revenue +2612.4% year-over-year).
- 2012: Revenue of $3K, expenses of $4K, and assets of $57K (revenue -91.1% year-over-year).
- 2011: Revenue of $39K, expenses of $1K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lha Enterprise Development Inc:
Data Sources and Methodology
This transparency report for Lha Enterprise Development 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.