Lot 2540 Incorporated

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Lot 2540 Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lot 2540 Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lot 2540 Incorporated in one place.

Is Lot 2540 Incorporated Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Lot 2540 Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.

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About Lot 2540 Incorporated

Lot 2540 Incorporated (EIN: 452387075) is a nonprofit organization based in Summerfield, NC, classified under NTEE code T30. The organization reported total revenue of $558K and total assets of $667K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lot 2540 Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Lot 2540 Incorporated is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 12.6%.

Key Financial Metrics (2022)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2022, Lot 2540 Incorporated reported a surplus of $18K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).

Financial Trends

Over 10 years of filings (2013–2022), Lot 2540 Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Analysis Pending

AI enrichment for Lot 2540 Incorporated 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 Lot 2540 Incorporated 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 (2022)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $18K, with revenue exceeding expenses.
• Debt-to-asset ratio: 11.2%.

Frequently Asked Questions about Lot 2540 Incorporated

Filing History

IRS 990 filing history for Lot 2540 Incorporated showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2013–2022), Lot 2540 Incorporated's revenue has grown by 191.1%, moving from $117K to $341K. Total assets increased by 992.7% over the same period, from $15K to $167K. Total functional expenses rose by 203.7%, from $106K to $322K. In its most recent filing year (2022), Lot 2540 Incorporated reported a surplus of $18K, with revenue exceeding expenses. The organization holds $19K in liabilities against $167K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $148K.

Year-by-Year Financial Summary

• 2022: Revenue of $341K, expenses of $322K, and assets of $167K (revenue +3.3% year-over-year).
• 2021: Revenue of $330K, expenses of $299K, and assets of $153K (revenue +15.5% year-over-year).
• 2020: Revenue of $285K, expenses of $287K, and assets of $104K (revenue +20.0% year-over-year).
• 2019: Revenue of $238K, expenses of $221K, and assets of $102K (revenue +6.0% year-over-year).
• 2018: Revenue of $224K, expenses of $198K, and assets of $85K (revenue +17.9% year-over-year).
• 2017: Revenue of $190K, expenses of $183K, and assets of $62K (revenue +6.2% year-over-year).
• 2016: Revenue of $179K, expenses of $168K, and assets of $38K (revenue +6.3% year-over-year).
• 2015: Revenue of $169K, expenses of $156K, and assets of $30K (revenue +26.8% year-over-year).
• 2014: Revenue of $133K, expenses of $129K, and assets of $14K (revenue +13.7% year-over-year).
• 2013: Revenue of $117K, expenses of $106K, and assets of $15K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lot 2540 Incorporated:

Data Sources and Methodology

This transparency report for Lot 2540 Incorporated 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.