Lotus Center Of Silver City
EIN: 371741613 · Silver City, NM · NTEE: X70
| Metric | Value |
|---|---|
| Total Revenue | $127K |
| Total Expenses | $108K |
| Net Assets | $104K |
Is Lotus Center Of Silver City Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lotus Center Of Silver City
Lotus Center Of Silver City (EIN: 371741613) is a nonprofit organization based in Silver City, NM, classified under NTEE code X70. The organization reported total revenue of $127K and total assets of $300K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lotus Center Of Silver City's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lotus Center Of Silver City is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $108K |
| Surplus / Deficit | $-2,170 |
| Total Assets | $282K |
| Total Liabilities | $178K |
| Net Assets | $104K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 63.2% |
| Months of Reserves | 31.4 months |
Financial Health Grade: C
In 2023, Lotus Center Of Silver City reported a deficit of $2K with expenses exceeding revenue, holds 31.4 months of operating reserves (strong position), has a debt-to-asset ratio of 63.2% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Lotus Center Of Silver City's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.8% | +4.0% | -5.5% |
| 2022 | +18.1% | +33.9% | +219.6% |
| 2021 | +71.0% | +25.7% | +52.9% |
| 2020 | -26.3% | -31.7% | +63.4% |
| 2019 | +2.4% | +11.2% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lotus Center Of Silver City 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 Lotus Center Of Silver City 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.2%.
Frequently Asked Questions about Lotus Center Of Silver City
Is Lotus Center Of Silver City a legitimate charity?
Lotus Center Of Silver City (EIN: 371741613) is a registered tax-exempt nonprofit based in New Mexico. It has 9 years of IRS 990 filings on record. Total revenue: $127K. No red flags identified. Financial health grade: C.
How does Lotus Center Of Silver City spend its money?
Lotus Center Of Silver City reported $127K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lotus Center Of Silver City tax-deductible?
Lotus Center Of Silver City is registered as a tax-exempt nonprofit (EIN: 371741613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lotus Center Of Silver City located?
Lotus Center Of Silver City is headquartered in Silver City, New Mexico and files with the IRS under EIN 371741613. It is classified under NTEE code X70.
How many years of IRS 990 filings does Lotus Center Of Silver City have?
Lotus Center Of Silver City has 9 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 $127K in total revenue.
Filing History
IRS 990 filing history for Lotus Center Of Silver City showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Lotus Center Of Silver City's revenue has grown by 141.3%, moving from $44K to $105K. Total assets increased by 1256.5% over the same period, from $21K to $282K. Total functional expenses rose by 167.8%, from $40K to $108K. In its most recent filing year (2023), Lotus Center Of Silver City reported a deficit of $2K, with expenses exceeding revenue. The organization holds $178K in liabilities against $282K in assets (debt-to-asset ratio: 63.2%), resulting in net assets of $104K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105K | $108K | $282K | $178K | — | View 990 |
| 2022 | $136K | $103K | $298K | $192K | — | View 990 |
| 2021 | $116K | $77K | $93K | $20K | — | — |
| 2020 | $68K | $61K | $61K | $26K | — | — |
| 2019 | $92K | $90K | $37K | $9K | — | View 990 |
| 2018 | $90K | $81K | $38K | $11K | — | View 990 |
| 2017 | $76K | $73K | $31K | $13K | — | View 990 |
| 2016 | $68K | $60K | $28K | $13K | — | View 990 |
| 2015 | $44K | $40K | $21K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $105K, expenses of $108K, and assets of $282K (revenue -22.8% year-over-year).
- 2022: Revenue of $136K, expenses of $103K, and assets of $298K (revenue +18.1% year-over-year).
- 2021: Revenue of $116K, expenses of $77K, and assets of $93K (revenue +71.0% year-over-year).
- 2020: Revenue of $68K, expenses of $61K, and assets of $61K (revenue -26.3% year-over-year).
- 2019: Revenue of $92K, expenses of $90K, and assets of $37K (revenue +2.4% year-over-year).
- 2018: Revenue of $90K, expenses of $81K, and assets of $38K (revenue +17.8% year-over-year).
- 2017: Revenue of $76K, expenses of $73K, and assets of $31K (revenue +12.1% year-over-year).
- 2016: Revenue of $68K, expenses of $60K, and assets of $28K (revenue +55.2% year-over-year).
- 2015: Revenue of $44K, expenses of $40K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lotus Center Of Silver City:
Data Sources and Methodology
This transparency report for Lotus Center Of Silver City 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.