Loreleis Legacy
EIN: 812596438 · Salt Lake Cty, UT · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $38K |
| Net Assets | $52K |
Is Loreleis Legacy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Loreleis Legacy
Loreleis Legacy (EIN: 812596438) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code D20. The organization reported total revenue of $45K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loreleis Legacy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loreleis Legacy is a micro nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $38K |
| Surplus / Deficit | +$3K |
| Total Assets | $52K |
| Net Assets | $52K |
| Operating Margin | 7.4% |
| Months of Reserves | 16.4 months |
Financial Health Grade: A
In 2023, Loreleis Legacy reported a surplus of $3K with revenue exceeding expenses, holds 16.4 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Loreleis Legacy's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.5% | -4.3% | +6.2% |
| 2022 | +31.1% | +42.0% | +22.1% |
| 2021 | -2.3% | +2.8% | +29.3% |
| 2020 | +38.9% | +67.5% | +52.7% |
| 2019 | -18.4% | -32.9% | +119.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Loreleis Legacy 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 Loreleis Legacy 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Frequently Asked Questions about Loreleis Legacy
Is Loreleis Legacy a legitimate charity?
Loreleis Legacy (EIN: 812596438) is a registered tax-exempt nonprofit based in Utah. It has 6 years of IRS 990 filings on record. Total revenue: $45K. No red flags identified. Financial health grade: A.
How does Loreleis Legacy spend its money?
Loreleis Legacy reported $45K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Loreleis Legacy tax-deductible?
Loreleis Legacy is registered as a tax-exempt nonprofit (EIN: 812596438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Loreleis Legacy located?
Loreleis Legacy is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 812596438. It is classified under NTEE code D20.
How many years of IRS 990 filings does Loreleis Legacy have?
Loreleis Legacy has 6 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 $45K in total revenue.
Filing History
IRS 990 filing history for Loreleis Legacy showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Loreleis Legacy's revenue has grown by 22.7%, moving from $34K to $41K. Total assets increased by 461.5% over the same period, from $9K to $52K. Total functional expenses rose by 57%, from $24K to $38K. In its most recent filing year (2023), Loreleis Legacy reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $38K | $52K | $0 | — | View 990 |
| 2022 | $49K | $40K | $49K | $0 | — | — |
| 2021 | $37K | $28K | $40K | $0 | — | View 990 |
| 2020 | $38K | $27K | $31K | $0 | — | View 990 |
| 2019 | $27K | $16K | $20K | $0 | — | View 990 |
| 2018 | $34K | $24K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $38K, and assets of $52K (revenue -15.5% year-over-year).
- 2022: Revenue of $49K, expenses of $40K, and assets of $49K (revenue +31.1% year-over-year).
- 2021: Revenue of $37K, expenses of $28K, and assets of $40K (revenue -2.3% year-over-year).
- 2020: Revenue of $38K, expenses of $27K, and assets of $31K (revenue +38.9% year-over-year).
- 2019: Revenue of $27K, expenses of $16K, and assets of $20K (revenue -18.4% year-over-year).
- 2018: Revenue of $34K, expenses of $24K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loreleis Legacy:
Data Sources and Methodology
This transparency report for Loreleis Legacy 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.