Life Connections Of The Carolinas Inc
EIN: 820682551 · Charlotte, NC · NTEE: T21
| Metric | Value |
|---|---|
| Total Revenue | $672K |
| Total Expenses | $950K |
| Net Assets | $-209,534 |
Is Life Connections Of The Carolinas Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Life Connections Of The Carolinas Inc
Life Connections Of The Carolinas Inc (EIN: 820682551) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T21. The organization reported total revenue of $672K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Connections Of The Carolinas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Connections Of The Carolinas Inc is a small nonprofit that has been operating for 7 years, with 7 years of IRS 990 filings on record (2017–2024). Revenue has grown at a compound annual rate of 68.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $917K |
| Total Expenses | $950K |
| Surplus / Deficit | $-33,483 |
| Total Assets | $67K |
| Total Liabilities | $276K |
| Net Assets | $-209,534 |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 413.3% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2024, Life Connections Of The Carolinas Inc reported a deficit of $33K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 413.3% (high leverage).
Financial Trends
Over 7 years of filings (2017–2024), Life Connections Of The Carolinas Inc's revenue has grown at a compound annual growth rate (CAGR) of 68.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.9% | +2.6% | +117.7% |
| 2023 | +1.6% | +4.5% | -32.5% |
| 2022 | -5.6% | -5.3% | -63.2% |
| 2021 | +24.3% | +24.8% | +406.6% |
| 2020 | +49.2% | +58.0% | +240.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Life Connections Of The Carolinas Inc 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 Connections Of The Carolinas Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 413.3%.
Frequently Asked Questions about Life Connections Of The Carolinas Inc
Is Life Connections Of The Carolinas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Life Connections Of The Carolinas Inc (EIN: 820682551) insufficient data. 0 red flags identified, 0 strengths noted.
How does Life Connections Of The Carolinas Inc spend its money?
Detailed spending breakdown data is not yet available for Life Connections Of The Carolinas Inc. Check back for updated IRS 990 analysis.
Are donations to Life Connections Of The Carolinas Inc tax-deductible?
Life Connections Of The Carolinas Inc is registered as a tax-exempt nonprofit (EIN: 820682551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Life Connections Of The Carolinas Inc located?
Life Connections Of The Carolinas Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 820682551. It is classified under NTEE code T21.
How many years of IRS 990 filings does Life Connections Of The Carolinas Inc have?
Life Connections Of The Carolinas Inc has 7 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 $672K in total revenue.
Filing History
IRS 990 filing history for Life Connections Of The Carolinas Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2024), Life Connections Of The Carolinas Inc's revenue has grown by 3690%, moving from $24K to $917K. Total assets increased by 1699.6% over the same period, from $4K to $67K. Total functional expenses rose by 4541.5%, from $20K to $950K. In its most recent filing year (2024), Life Connections Of The Carolinas Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $276K in liabilities against $67K in assets (debt-to-asset ratio: 413.3%), resulting in net assets of $-209,534.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $917K | $950K | $67K | $276K | — | — |
| 2023 | $850K | $927K | $31K | $237K | — | View 990 |
| 2022 | $837K | $886K | $46K | $175K | — | View 990 |
| 2021 | $886K | $936K | $124K | $203K | — | View 990 |
| 2020 | $713K | $750K | $24K | $54K | — | View 990 |
| 2019 | $478K | $475K | $7K | $0 | — | View 990 |
| 2017 | $24K | $20K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $917K, expenses of $950K, and assets of $67K (revenue +7.9% year-over-year).
- 2023: Revenue of $850K, expenses of $927K, and assets of $31K (revenue +1.6% year-over-year).
- 2022: Revenue of $837K, expenses of $886K, and assets of $46K (revenue -5.6% year-over-year).
- 2021: Revenue of $886K, expenses of $936K, and assets of $124K (revenue +24.3% year-over-year).
- 2020: Revenue of $713K, expenses of $750K, and assets of $24K (revenue +49.2% year-over-year).
- 2019: Revenue of $478K, expenses of $475K, and assets of $7K (revenue +1876.0% year-over-year).
- 2017: Revenue of $24K, expenses of $20K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Connections Of The Carolinas Inc:
Data Sources and Methodology
This transparency report for Life Connections Of The Carolinas 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.