Life Changing Community Outreach
EIN: 471369893 · Chicago, IL · NTEE: P28
| Metric | Value |
|---|---|
| Total Revenue | $700K |
| Total Expenses | $1.2M |
| Net Assets | $0 |
Is Life Changing Community Outreach Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Life Changing Community Outreach
Life Changing Community Outreach (EIN: 471369893) is a nonprofit organization based in Chicago, IL, classified under NTEE code P28. The organization reported total revenue of $700K and total assets of $490K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Changing Community Outreach's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Changing Community Outreach is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2014–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$53K |
| Total Assets | $493K |
| Total Liabilities | $493K |
| Net Assets | $0 |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, Life Changing Community Outreach reported a surplus of $53K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.9% | +123.5% | -2.6% |
| 2022 | +91.4% | +72.3% | +3.9% |
| 2021 | +108.8% | +109.9% | +18683.7% |
| 2020 | +78.4% | +73.6% | +861.5% |
| 2019 | +3150.3% | +1108.7% | +35.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Life Changing Community Outreach 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 Life Changing Community Outreach 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 $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Life Changing Community Outreach
Is Life Changing Community Outreach a legitimate charity?
Life Changing Community Outreach (EIN: 471369893) is a registered tax-exempt nonprofit based in Illinois. It has 8 years of IRS 990 filings on record. Total revenue: $700K. No red flags identified. Financial health grade: A.
How does Life Changing Community Outreach spend its money?
Life Changing Community Outreach reported $700K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Life Changing Community Outreach tax-deductible?
Life Changing Community Outreach is registered as a tax-exempt nonprofit (EIN: 471369893). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Life Changing Community Outreach located?
Life Changing Community Outreach is headquartered in Chicago, Illinois and files with the IRS under EIN 471369893. It is classified under NTEE code P28.
How many years of IRS 990 filings does Life Changing Community Outreach have?
Life Changing Community Outreach has 8 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 $700K in total revenue.
Filing History
IRS 990 filing history for Life Changing Community Outreach showing financial trends over 8 years of public records:
Total assets increased by 49319100% over the same period, from $1 to $493K. In its most recent filing year (2023), Life Changing Community Outreach reported a surplus of $53K, with revenue exceeding expenses. The organization holds $493K in liabilities against $493K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $493K | $493K | — | — |
| 2022 | $598K | $533K | $506K | $506K | — | — |
| 2021 | $312K | $309K | $488K | $488K | — | View 990 |
| 2020 | $150K | $147K | $3K | $0 | — | View 990 |
| 2019 | $84K | $85K | $270 | $0 | — | View 990 |
| 2016 | $3K | $7K | $200 | $0 | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $493K (revenue +107.9% year-over-year).
- 2022: Revenue of $598K, expenses of $533K, and assets of $506K (revenue +91.4% year-over-year).
- 2021: Revenue of $312K, expenses of $309K, and assets of $488K (revenue +108.8% year-over-year).
- 2020: Revenue of $150K, expenses of $147K, and assets of $3K (revenue +78.4% year-over-year).
- 2019: Revenue of $84K, expenses of $85K, and assets of $270 (revenue +3150.3% year-over-year).
- 2016: Revenue of $3K, expenses of $7K, and assets of $200.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Changing Community Outreach:
Data Sources and Methodology
This transparency report for Life Changing Community Outreach 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.