Louisiana Family Services Inc
EIN: 462739639 · Austin, TX · NTEE: P82
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $6.9M |
| Net Assets | $353K |
Is Louisiana Family Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Louisiana Family Services Inc
Louisiana Family Services Inc (EIN: 462739639) is a nonprofit organization based in Austin, TX, classified under NTEE code P82. The organization reported total revenue of $8.0M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisiana Family Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisiana Family Services Inc is a mid-size nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -33.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-858,170 |
| Total Assets | $778K |
| Total Liabilities | $425K |
| Net Assets | $353K |
| Operating Margin | -14.3% |
| Debt-to-Asset Ratio | 54.6% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Louisiana Family Services Inc reported a deficit of $858K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 54.6% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Louisiana Family Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -33.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.3% | -7.2% | -50.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Louisiana Family Services 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 Louisiana Family Services 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 $858K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.6%.
Frequently Asked Questions about Louisiana Family Services Inc
Is Louisiana Family Services Inc a legitimate charity?
Louisiana Family Services Inc (EIN: 462739639) is a registered tax-exempt nonprofit based in Texas. It has 2 years of IRS 990 filings on record. Total revenue: $8.0M. No red flags identified. Financial health grade: D.
How does Louisiana Family Services Inc spend its money?
Louisiana Family Services Inc reported $8.0M in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Louisiana Family Services Inc tax-deductible?
Louisiana Family Services Inc is registered as a tax-exempt nonprofit (EIN: 462739639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Louisiana Family Services Inc located?
Louisiana Family Services Inc is headquartered in Austin, Texas and files with the IRS under EIN 462739639. It is classified under NTEE code P82.
How many years of IRS 990 filings does Louisiana Family Services Inc have?
Louisiana Family Services Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $8.0M in total revenue.
Filing History
IRS 990 filing history for Louisiana Family Services Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Louisiana Family Services Inc's revenue has declined by 33.3%, moving from $9.0M to $6.0M. Total assets decreased by 50.8% over the same period, from $1.6M to $778K. Total functional expenses fell by 7.2%, from $7.4M to $6.9M. In its most recent filing year (2023), Louisiana Family Services Inc reported a deficit of $858K, with expenses exceeding revenue. The organization holds $425K in liabilities against $778K in assets (debt-to-asset ratio: 54.6%), resulting in net assets of $353K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $6.9M | $778K | $425K | — | View 990 |
| 2022 | $9.0M | $7.4M | $1.6M | $370K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisiana Family Services Inc:
Data Sources and Methodology
This transparency report for Louisiana Family Services 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.