Lot Project Inc
EIN: 270353378 · Anderson, SC · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $578K |
| Total Expenses | $329K |
| Net Assets | $589K |
Is Lot Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lot Project Inc
Lot Project Inc (EIN: 270353378) is a nonprofit organization based in Anderson, SC, classified under NTEE code X99. The organization reported total revenue of $578K and total assets of $926K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lot Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lot Project Inc is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $329K |
| Surplus / Deficit | $-65,722 |
| Total Assets | $773K |
| Total Liabilities | $184K |
| Net Assets | $589K |
| Operating Margin | -25.0% |
| Debt-to-Asset Ratio | 23.8% |
| Months of Reserves | 28.2 months |
Financial Health Grade: B
In 2023, Lot Project Inc reported a deficit of $66K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 23.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lot Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.6% | +7.1% | -10.1% |
| 2022 | -28.2% | -5.4% | +3.3% |
| 2021 | +38.9% | +19.0% | +24.2% |
| 2020 | -17.2% | -20.1% | +143.2% |
| 2019 | +35.0% | +15.3% | +73.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lot Project 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 Lot Project 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 deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.8%.
Frequently Asked Questions about Lot Project Inc
Is Lot Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lot Project Inc (EIN: 270353378) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lot Project Inc spend its money?
Detailed spending breakdown data is not yet available for Lot Project Inc. Check back for updated IRS 990 analysis.
Are donations to Lot Project Inc tax-deductible?
Lot Project Inc is registered as a tax-exempt nonprofit (EIN: 270353378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lot Project Inc located?
Lot Project Inc is headquartered in Anderson, South Carolina and files with the IRS under EIN 270353378. It is classified under NTEE code X99.
How many years of IRS 990 filings does Lot Project Inc have?
Lot Project 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 $578K in total revenue.
Filing History
IRS 990 filing history for Lot Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lot Project Inc's revenue has grown by 315.4%, moving from $63K to $263K. Total assets increased by 6052.4% over the same period, from $13K to $773K. Total functional expenses rose by 410.4%, from $64K to $329K. In its most recent filing year (2023), Lot Project Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $184K in liabilities against $773K in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $589K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263K | $329K | $773K | $184K | — | — |
| 2022 | $379K | $307K | $860K | $205K | — | View 990 |
| 2021 | $528K | $325K | $833K | $251K | — | View 990 |
| 2020 | $380K | $273K | $671K | $292K | — | View 990 |
| 2019 | $459K | $342K | $276K | $4K | — | View 990 |
| 2018 | $340K | $296K | $159K | $4K | — | View 990 |
| 2017 | $189K | $119K | $114K | $3K | — | View 990 |
| 2016 | $117K | $102K | $42K | $1K | — | View 990 |
| 2015 | $106K | $104K | $26K | $0 | — | View 990 |
| 2014 | $98K | $95K | $23K | $0 | — | View 990 |
| 2013 | $83K | $71K | $20K | $0 | — | View 990 |
| 2012 | $78K | $83K | $7K | $0 | — | View 990 |
| 2011 | $63K | $64K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263K, expenses of $329K, and assets of $773K (revenue -30.6% year-over-year).
- 2022: Revenue of $379K, expenses of $307K, and assets of $860K (revenue -28.2% year-over-year).
- 2021: Revenue of $528K, expenses of $325K, and assets of $833K (revenue +38.9% year-over-year).
- 2020: Revenue of $380K, expenses of $273K, and assets of $671K (revenue -17.2% year-over-year).
- 2019: Revenue of $459K, expenses of $342K, and assets of $276K (revenue +35.0% year-over-year).
- 2018: Revenue of $340K, expenses of $296K, and assets of $159K (revenue +80.1% year-over-year).
- 2017: Revenue of $189K, expenses of $119K, and assets of $114K (revenue +61.0% year-over-year).
- 2016: Revenue of $117K, expenses of $102K, and assets of $42K (revenue +10.8% year-over-year).
- 2015: Revenue of $106K, expenses of $104K, and assets of $26K (revenue +7.6% year-over-year).
- 2014: Revenue of $98K, expenses of $95K, and assets of $23K (revenue +18.9% year-over-year).
- 2013: Revenue of $83K, expenses of $71K, and assets of $20K (revenue +6.5% year-over-year).
- 2012: Revenue of $78K, expenses of $83K, and assets of $7K (revenue +22.6% year-over-year).
- 2011: Revenue of $63K, expenses of $64K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lot Project Inc:
Data Sources and Methodology
This transparency report for Lot Project 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.