Lmcl Inc
Lmcl Inc maintains substantial assets despite fluctuating revenues and occasional deficit spending.
EIN: 134077883 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $783K |
| Total Expenses | $1.7M |
| Program Spending | 75% |
| Net Assets | $27.7M |
| Transparency Score | 70/100 |
Is Lmcl Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lmcl Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lmcl Inc
Lmcl Inc (EIN: 134077883) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $783K and total assets of $28.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lmcl Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lmcl Inc is a small nonprofit that has been operating for 26 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$403K |
| Total Assets | $27.8M |
| Total Liabilities | $32K |
| Net Assets | $27.7M |
| Operating Margin | 19.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 199.0 months |
Financial Health Grade: A
In 2023, Lmcl Inc reported a surplus of $403K with revenue exceeding expenses, holds 199.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Lmcl Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.2% | -28.1% | +1.5% |
| 2022 | -4.3% | +7.7% | -2.7% |
| 2021 | +21.4% | +1431.0% | -2.4% |
| 2020 | -57.6% | -77.3% | +4.5% |
| 2020 | +70.0% | -73.0% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Lmcl Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Lmcl Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $403K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Lmcl Inc consistently reports 0% officer compensation across all available filings, which is unusual for an organization with its asset size and operational scope, suggesting either a volunteer executive team or compensation is reported elsewhere.
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 Lmcl Inc's IRS 990 filings:
- Significant fluctuations in annual revenue, making financial planning and sustainability uncertain.
- Periods of deficit spending where expenses exceeded revenue (e.g., 2022 and 2021).
- Consistent reporting of 0% officer compensation, which may obscure actual leadership costs or indicate an unusual operational model.
Strengths
The following positive indicators were identified for Lmcl Inc:
- Substantial and growing asset base, reaching $27,765,010 in 2023, providing financial stability.
- Long filing history (11 filings), indicating consistent compliance with IRS reporting requirements.
- Mission-aligned NTEE code (T20 - Housing Development, Construction & Management) suggests a clear programmatic focus.
Frequently Asked Questions about Lmcl Inc
Is Lmcl Inc a legitimate charity?
Lmcl Inc (EIN: 134077883) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $783K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Lmcl Inc spend its money?
Lmcl Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Lmcl Inc tax-deductible?
Lmcl Inc is registered as a tax-exempt nonprofit (EIN: 134077883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lmcl Inc's spending goes to programs?
Lmcl Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lmcl Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Lmcl Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lmcl Inc located?
Lmcl Inc is headquartered in New York, New York and files with the IRS under EIN 134077883. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lmcl Inc have?
Lmcl Inc has 11 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 $783K in total revenue.
Why does Lmcl Inc consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 11 filings is unusual for an organization of this size and could indicate a volunteer-led executive team or that compensation is categorized differently in their financial statements, warranting further inquiry for full transparency.
What caused the significant revenue drop from $2,076,965 in 2023 to $782,861 in the latest reported period?
The latest reported revenue of $782,861 is significantly lower than the $2,076,965 reported in 2023. Understanding the reasons for this substantial decline is crucial for assessing the organization's current financial stability and future outlook.
How does Lmcl Inc manage periods of deficit spending, such as in 2022 and 2021?
In 2022, expenses ($2,328,928) exceeded revenue ($1,570,893), and similarly in 2021, expenses ($2,161,688) exceeded revenue ($1,641,066). It's important to understand how the organization covers these deficits and if it's a sustainable practice.
Filing History
IRS 990 filing history for Lmcl Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Lmcl Inc's revenue has grown by 60.3%, moving from $1.3M to $2.1M. Total assets increased by 40% over the same period, from $19.8M to $27.8M. Total functional expenses rose by 30.6%, from $1.3M to $1.7M. In its most recent filing year (2023), Lmcl Inc reported a surplus of $403K, with revenue exceeding expenses. The organization holds $32K in liabilities against $27.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $27.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.7M | $27.8M | $32K | — | View 990 |
| 2022 | $1.6M | $2.3M | $27.4M | $32K | — | View 990 |
| 2021 | $1.6M | $2.2M | $28.1M | $34K | — | View 990 |
| 2020 | $1.4M | $141K | $28.8M | $199K | — | View 990 |
| 2020 | $3.2M | $622K | $27.6M | $199K | — | View 990 |
| 2019 | $1.9M | $2.3M | $25.1M | $300K | — | View 990 |
| 2015 | $2.7M | $1.9M | $21.3M | $0 | — | View 990 |
| 2014 | $1.4M | $1.5M | $20.5M | $0 | — | View 990 |
| 2013 | $1.5M | $1.3M | $20.6M | $0 | — | View 990 |
| 2012 | $2.1M | $1.4M | $20.3M | $0 | — | View 990 |
| 2011 | $1.3M | $1.3M | $19.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.7M, and assets of $27.8M (revenue +32.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.3M, and assets of $27.4M (revenue -4.3% year-over-year).
- 2021: Revenue of $1.6M, expenses of $2.2M, and assets of $28.1M (revenue +21.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $141K, and assets of $28.8M (revenue -57.6% year-over-year).
- 2020: Revenue of $3.2M, expenses of $622K, and assets of $27.6M (revenue +70.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.3M, and assets of $25.1M (revenue -29.3% year-over-year).
- 2015: Revenue of $2.7M, expenses of $1.9M, and assets of $21.3M (revenue +91.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $20.5M (revenue -8.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $20.6M (revenue -27.7% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.4M, and assets of $20.3M (revenue +60.5% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $19.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lmcl Inc:
Data Sources and Methodology
This transparency report for Lmcl 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.