Limon Education Foundation
Limon Education Foundation consistently grows assets and maintains zero officer compensation, directing funds to programs.
EIN: 204726961 · Limon, CO · NTEE: B19 · Updated: 2026-03-28
Is Limon Education Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Limon Education Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Limon Education Foundation
Limon Education Foundation (EIN: 204726961) is a nonprofit organization based in Limon, CO, classified under NTEE code B19. The organization reported total revenue of $195K and total assets of $299K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Limon Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Limon Education Foundation is a small nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $34K |
| Surplus / Deficit | +$29K |
| Total Assets | $258K |
| Net Assets | $258K |
| Operating Margin | 46.6% |
| Months of Reserves | 92.0 months |
Financial Health Grade: A
In 2023, Limon Education Foundation reported a surplus of $29K with revenue exceeding expenses, holds 92.0 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Limon Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | -21.3% | +12.8% |
| 2022 | -3.6% | +65.0% | +13.3% |
| 2021 | +20.0% | -21.2% | +29.8% |
| 2020 | +3.0% | -50.4% | +21.3% |
| 2019 | -15.5% | +182.1% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Limon Education Foundation with a Mission Score of 92 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, Limon Education Foundation 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 $29K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization, which is highly efficient for an organization of its size with annual revenues typically under $75,000.
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.
Strengths
The following positive indicators were identified for Limon Education Foundation:
- Consistent asset growth (from $55,808 in 2016 to $257,972 in 2023)
- Zero liabilities reported across all filings
- 0% officer compensation, indicating volunteer leadership and high efficiency
- Strong program focus due to minimal administrative overhead
- Excellent financial transparency with 8 years of consistent IRS 990 filings
Frequently Asked Questions about Limon Education Foundation
Is Limon Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Limon Education Foundation (EIN: 204726961) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Limon Education Foundation spend its money?
Limon Education Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Limon Education Foundation tax-deductible?
Limon Education Foundation is registered as a tax-exempt nonprofit (EIN: 204726961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Limon Education Foundation a good charity?
Yes, based on the available data, Limon Education Foundation appears to be a very good charity. They demonstrate strong financial health with growing assets, no liabilities, and a consistent commitment to directing funds towards their mission by having 0% officer compensation and likely high program spending.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown consistently from $55,808 in 2016 to $257,972 in 2023, and they have maintained zero liabilities throughout this period. Revenue has also shown a general upward trend, supporting this growth.
What is the organization's approach to executive compensation?
The Limon Education Foundation operates with a volunteer leadership model, as evidenced by 0% officer compensation reported in all available IRS 990 filings. This means no salaries are paid to executives, maximizing funds available for programs.
How efficient is Limon Education Foundation with its spending?
The organization appears highly efficient. With 0% officer compensation and no liabilities, a very large proportion of their expenses, such as the $33,638 in 2023, would directly support program activities rather than administrative overhead or executive salaries.
Filing History
IRS 990 filing history for Limon Education Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Limon Education Foundation's revenue has grown by 211.1%, moving from $20K to $63K. Total assets increased by 362.2% over the same period, from $56K to $258K. Total functional expenses rose by 7.8%, from $31K to $34K. In its most recent filing year (2023), Limon Education Foundation reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $34K | $258K | $0 | — | View 990 |
| 2022 | $70K | $43K | $229K | $0 | — | — |
| 2021 | $72K | $26K | $202K | $0 | — | — |
| 2020 | $60K | $33K | $156K | $0 | — | View 990 |
| 2019 | $58K | $66K | $128K | $0 | — | View 990 |
| 2018 | $69K | $24K | $136K | $0 | — | View 990 |
| 2017 | $53K | $18K | $90K | $0 | — | View 990 |
| 2016 | $20K | $31K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $34K, and assets of $258K (revenue -9.6% year-over-year).
- 2022: Revenue of $70K, expenses of $43K, and assets of $229K (revenue -3.6% year-over-year).
- 2021: Revenue of $72K, expenses of $26K, and assets of $202K (revenue +20.0% year-over-year).
- 2020: Revenue of $60K, expenses of $33K, and assets of $156K (revenue +3.0% year-over-year).
- 2019: Revenue of $58K, expenses of $66K, and assets of $128K (revenue -15.5% year-over-year).
- 2018: Revenue of $69K, expenses of $24K, and assets of $136K (revenue +30.4% year-over-year).
- 2017: Revenue of $53K, expenses of $18K, and assets of $90K (revenue +162.1% year-over-year).
- 2016: Revenue of $20K, expenses of $31K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Limon Education Foundation:
Data Sources and Methodology
This transparency report for Limon Education Foundation 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.