Literacy Center For The Midlands
EIN: 470688932 · Omaha, NE
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $705K |
| Net Assets | $-85,801 |
Is Literacy Center For The Midlands Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Center For The Midlands
Literacy Center For The Midlands (EIN: 470688932) is a nonprofit organization based in Omaha, NE. The organization reported total revenue of $11K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Center For The Midlands's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Center For The Midlands is a micro nonprofit that has been operating for 54 years, with 8 years of IRS 990 filings on record (2012–2018).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -127.0% | -3.6% | -97.1% |
| 2017 | -34.0% | +31.9% | -14.9% |
| 2016 | +164.7% | +734.8% | +44.1% |
| 2015 | -56.3% | -82.4% | +40.1% |
| 2015 | +133.7% | +13.4% | +130.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Literacy Center For The Midlands 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 Literacy Center For The Midlands 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 (2018)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 434.0%.
Frequently Asked Questions about Literacy Center For The Midlands
Is Literacy Center For The Midlands a legitimate charity?
Literacy Center For The Midlands (EIN: 470688932) is a registered tax-exempt nonprofit based in Nebraska. It has 8 years of IRS 990 filings on record. Total revenue: $11K. No red flags identified. Financial health grade: D.
How does Literacy Center For The Midlands spend its money?
Literacy Center For The Midlands reported $11K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Literacy Center For The Midlands tax-deductible?
Literacy Center For The Midlands is registered as a tax-exempt nonprofit (EIN: 470688932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Center For The Midlands located?
Literacy Center For The Midlands is headquartered in Omaha, Nebraska and files with the IRS under EIN 470688932.
How many years of IRS 990 filings does Literacy Center For The Midlands have?
Literacy Center For The Midlands 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 $11K in total revenue.
Filing History
IRS 990 filing history for Literacy Center For The Midlands showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2018), Literacy Center For The Midlands's revenue has declined by 165.6%, moving from $205K to $-134,164. Total assets decreased by 92.6% over the same period, from $349K to $26K. Total functional expenses rose by 264.3%, from $194K to $705K. The organization holds $111K in liabilities against $26K in assets (debt-to-asset ratio: 434.0%), resulting in net assets of $-85,801.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $-134,164 | $705K | $26K | $111K | — | View 990 |
| 2017 | $497K | $731K | $889K | $129K | — | View 990 |
| 2016 | $753K | $555K | $1.0M | $37K | — | View 990 |
| 2015 | $284K | $66K | $725K | $27K | — | View 990 |
| 2015 | $650K | $377K | $518K | $38K | — | View 990 |
| 2014 | $278K | $333K | $225K | $18K | — | View 990 |
| 2013 | $186K | $267K | $275K | $14K | — | View 990 |
| 2012 | $205K | $194K | $349K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $-134,164, expenses of $705K, and assets of $26K (revenue -127.0% year-over-year).
- 2017: Revenue of $497K, expenses of $731K, and assets of $889K (revenue -34.0% year-over-year).
- 2016: Revenue of $753K, expenses of $555K, and assets of $1.0M (revenue +164.7% year-over-year).
- 2015: Revenue of $284K, expenses of $66K, and assets of $725K (revenue -56.3% year-over-year).
- 2015: Revenue of $650K, expenses of $377K, and assets of $518K (revenue +133.7% year-over-year).
- 2014: Revenue of $278K, expenses of $333K, and assets of $225K (revenue +49.8% year-over-year).
- 2013: Revenue of $186K, expenses of $267K, and assets of $275K (revenue -9.2% year-over-year).
- 2012: Revenue of $205K, expenses of $194K, and assets of $349K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Center For The Midlands:
Data Sources and Methodology
This transparency report for Literacy Center For The Midlands 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.