Little Lambs Daycare Inc
Little Lambs Daycare Inc. shows stable finances with zero reported officer compensation, despite a 2023 deficit.
EIN: 10796181 · Fremont, IN · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $792K |
| Total Expenses | $831K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $400,000 |
| Net Assets | $754K |
| Transparency Score | 92/100 |
Is Little Lambs Daycare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Little Lambs Daycare Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Little Lambs Daycare Inc
Little Lambs Daycare Inc (EIN: 10796181) is a nonprofit organization based in Fremont, IN, classified under NTEE code P33. The organization reported total revenue of $792K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Lambs Daycare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Lambs Daycare Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $616K |
| Total Expenses | $831K |
| Surplus / Deficit | $-214,807 |
| Total Assets | $760K |
| Total Liabilities | $6K |
| Net Assets | $754K |
| Operating Margin | -34.9% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Little Lambs Daycare Inc reported a deficit of $215K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Little Lambs Daycare Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.7% | +13.5% | -21.8% |
| 2022 | +20.5% | +26.7% | +9.6% |
| 2021 | +16.8% | +13.3% | +13.2% |
| 2020 | +17.1% | -0.5% | +9.4% |
| 2019 | -0.5% | +2.2% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Little Lambs Daycare Inc 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, Little Lambs Daycare 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 deficit of $215K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Little Lambs Daycare Inc. consistently reports 0% officer compensation across all available filings, which is exceptional for an organization with annual revenues ranging from $400,000 to over $800,000. This indicates a strong commitment to directing funds towards its mission rather than executive salaries.
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 Little Lambs Daycare Inc's IRS 990 filings:
- Significant deficit in 2023: Expenses ($831,039) significantly exceeded revenue ($616,232) by over $214,000, which warrants monitoring for future years.
Strengths
The following positive indicators were identified for Little Lambs Daycare Inc:
- Consistent 0% officer compensation reported across all filings, indicating excellent resource allocation.
- Strong program spending focus due to no executive compensation.
- Healthy asset growth over the past decade, from $709,165 in 2014 to $760,257 in 2023.
- Low liabilities, consistently under $10,000 in most years, indicating sound financial management.
- Long and consistent IRS 990 filing history (13 filings), demonstrating strong transparency.
Frequently Asked Questions about Little Lambs Daycare Inc
Is Little Lambs Daycare Inc a legitimate charity?
Little Lambs Daycare Inc (EIN: 10796181) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $792K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Little Lambs Daycare Inc spend its money?
Little Lambs Daycare Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Little Lambs Daycare Inc tax-deductible?
Little Lambs Daycare Inc is registered as a tax-exempt nonprofit (EIN: 10796181). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Little Lambs Daycare Inc CEO make?
Little Lambs Daycare Inc's highest-compensated officer earns $400,000 annually. The organization reported $792K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Little Lambs Daycare Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Little Lambs Daycare Inc is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Little Lambs Daycare Inc located?
Little Lambs Daycare Inc is headquartered in Fremont, Indiana and files with the IRS under EIN 10796181. It is classified under NTEE code P33.
How many years of IRS 990 filings does Little Lambs Daycare Inc have?
Little Lambs Daycare 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 $792K in total revenue.
Is Little Lambs Daycare Inc. a good charity?
Based on the available IRS 990 data, Little Lambs Daycare Inc. appears to be a very good charity. It demonstrates strong financial stability, very low liabilities, and an outstanding commitment to directing funds to its mission by reporting 0% officer compensation for over a decade. While there was a deficit in 2023, the overall trend is positive.
How does Little Lambs Daycare Inc. manage its executive compensation?
Little Lambs Daycare Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers. This is a highly positive indicator of efficient resource allocation.
What is the financial trend of Little Lambs Daycare Inc. over the last decade?
Over the last decade, Little Lambs Daycare Inc. has shown consistent revenue growth, from $436,133 in 2014 to $616,232 in 2023 (with a peak of $818,520 in 2022). Assets have also steadily increased from $709,165 to $760,257, demonstrating financial stability and growth, despite a significant expense-over-revenue year in 2023.
Filing History
IRS 990 filing history for Little Lambs Daycare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Little Lambs Daycare Inc's revenue has grown by 43.4%, moving from $430K to $616K. Total assets decreased by 0.4% over the same period, from $764K to $760K. Total functional expenses rose by 80.2%, from $461K to $831K. In its most recent filing year (2023), Little Lambs Daycare Inc reported a deficit of $215K, with expenses exceeding revenue. The organization holds $6K in liabilities against $760K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $754K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $616K | $831K | $760K | $6K | — | — |
| 2022 | $819K | $732K | $973K | $3K | — | View 990 |
| 2021 | $679K | $578K | $887K | $4K | — | View 990 |
| 2020 | $582K | $510K | $784K | $2K | — | View 990 |
| 2019 | $497K | $512K | $716K | $6K | — | View 990 |
| 2018 | $499K | $501K | $733K | $7K | — | View 990 |
| 2017 | $533K | $520K | $738K | $10K | — | View 990 |
| 2016 | $496K | $487K | $731K | $16K | — | View 990 |
| 2015 | $426K | $425K | $710K | $4K | — | View 990 |
| 2014 | $436K | $440K | $709K | $4K | — | View 990 |
| 2013 | $416K | $448K | $710K | $1K | — | View 990 |
| 2012 | $456K | $478K | $742K | $1K | — | View 990 |
| 2011 | $430K | $461K | $764K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $616K, expenses of $831K, and assets of $760K (revenue -24.7% year-over-year).
- 2022: Revenue of $819K, expenses of $732K, and assets of $973K (revenue +20.5% year-over-year).
- 2021: Revenue of $679K, expenses of $578K, and assets of $887K (revenue +16.8% year-over-year).
- 2020: Revenue of $582K, expenses of $510K, and assets of $784K (revenue +17.1% year-over-year).
- 2019: Revenue of $497K, expenses of $512K, and assets of $716K (revenue -0.5% year-over-year).
- 2018: Revenue of $499K, expenses of $501K, and assets of $733K (revenue -6.4% year-over-year).
- 2017: Revenue of $533K, expenses of $520K, and assets of $738K (revenue +7.6% year-over-year).
- 2016: Revenue of $496K, expenses of $487K, and assets of $731K (revenue +16.3% year-over-year).
- 2015: Revenue of $426K, expenses of $425K, and assets of $710K (revenue -2.3% year-over-year).
- 2014: Revenue of $436K, expenses of $440K, and assets of $709K (revenue +4.7% year-over-year).
- 2013: Revenue of $416K, expenses of $448K, and assets of $710K (revenue -8.7% year-over-year).
- 2012: Revenue of $456K, expenses of $478K, and assets of $742K (revenue +6.2% year-over-year).
- 2011: Revenue of $430K, expenses of $461K, and assets of $764K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Lambs Daycare Inc:
Data Sources and Methodology
This transparency report for Little Lambs Daycare 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.