Los Rayos De Esperanza Inc
EIN: 460713864 · Chapel Hill, NC · NTEE: E70
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $257K |
| Net Assets | $295K |
Is Los Rayos De Esperanza Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Los Rayos De Esperanza Inc
Los Rayos De Esperanza Inc (EIN: 460713864) is a nonprofit organization based in Chapel Hill, NC, classified under NTEE code E70. The organization reported total revenue of $252K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Los Rayos De Esperanza Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Los Rayos De Esperanza Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $257K |
| Surplus / Deficit | +$17K |
| Total Assets | $363K |
| Total Liabilities | $68K |
| Net Assets | $295K |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 18.6% |
| Months of Reserves | 16.9 months |
Financial Health Grade: A
In 2023, Los Rayos De Esperanza Inc reported a surplus of $17K with revenue exceeding expenses, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 18.6% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | -3.4% | +5.7% |
| 2022 | +19.3% | -5.9% | -5.9% |
| 2021 | -16.8% | +46.1% | -17.7% |
| 2020 | +8.8% | +10.1% | +13.4% |
| 2019 | -5.6% | -12.2% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Los Rayos De Esperanza Inc 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 Los Rayos De Esperanza Inc 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 $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.6%.
Frequently Asked Questions about Los Rayos De Esperanza Inc
Is Los Rayos De Esperanza Inc a legitimate charity?
Los Rayos De Esperanza Inc (EIN: 460713864) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $252K. No red flags identified. Financial health grade: A.
How does Los Rayos De Esperanza Inc spend its money?
Los Rayos De Esperanza Inc reported $252K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Los Rayos De Esperanza Inc tax-deductible?
Los Rayos De Esperanza Inc is registered as a tax-exempt nonprofit (EIN: 460713864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Los Rayos De Esperanza Inc located?
Los Rayos De Esperanza Inc is headquartered in Chapel Hill, North Carolina and files with the IRS under EIN 460713864. It is classified under NTEE code E70.
How many years of IRS 990 filings does Los Rayos De Esperanza Inc have?
Los Rayos De Esperanza Inc has 12 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 $252K in total revenue.
Filing History
IRS 990 filing history for Los Rayos De Esperanza Inc showing financial trends over 12 years of public records:
Total assets increased by 36261600% over the same period, from $1 to $363K. In its most recent filing year (2023), Los Rayos De Esperanza Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $68K in liabilities against $363K in assets (debt-to-asset ratio: 18.6%), resulting in net assets of $295K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $274K | $257K | $363K | $68K | — | — |
| 2022 | $244K | $266K | $343K | $65K | — | View 990 |
| 2021 | $205K | $283K | $365K | $64K | — | View 990 |
| 2020 | $246K | $193K | $443K | $65K | — | — |
| 2019 | $226K | $176K | $391K | $65K | — | View 990 |
| 2018 | $240K | $200K | $341K | $65K | — | View 990 |
| 2017 | $203K | $221K | $301K | $64K | — | View 990 |
| 2016 | $218K | $183K | $319K | $65K | — | View 990 |
| 2015 | $257K | $146K | $283K | $64K | — | View 990 |
| 2014 | $167K | $134K | $172K | $64K | — | View 990 |
| 2013 | $155K | $80K | $119K | $44K | — | View 990 |
| 2012 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $274K, expenses of $257K, and assets of $363K (revenue +12.1% year-over-year).
- 2022: Revenue of $244K, expenses of $266K, and assets of $343K (revenue +19.3% year-over-year).
- 2021: Revenue of $205K, expenses of $283K, and assets of $365K (revenue -16.8% year-over-year).
- 2020: Revenue of $246K, expenses of $193K, and assets of $443K (revenue +8.8% year-over-year).
- 2019: Revenue of $226K, expenses of $176K, and assets of $391K (revenue -5.6% year-over-year).
- 2018: Revenue of $240K, expenses of $200K, and assets of $341K (revenue +17.8% year-over-year).
- 2017: Revenue of $203K, expenses of $221K, and assets of $301K (revenue -6.8% year-over-year).
- 2016: Revenue of $218K, expenses of $183K, and assets of $319K (revenue -15.2% year-over-year).
- 2015: Revenue of $257K, expenses of $146K, and assets of $283K (revenue +54.0% year-over-year).
- 2014: Revenue of $167K, expenses of $134K, and assets of $172K (revenue +7.7% year-over-year).
- 2013: Revenue of $155K, expenses of $80K, and assets of $119K.
- 2012: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Los Rayos De Esperanza Inc:
Data Sources and Methodology
This transparency report for Los Rayos De Esperanza 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.