Louisville Association For Community Economics Inc
EIN: 821927610 · Louisville, KY · NTEE: S01
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $428K |
| Net Assets | $1.3M |
Is Louisville Association For Community Economics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Louisville Association For Community Economics Inc
Louisville Association For Community Economics Inc (EIN: 821927610) is a nonprofit organization based in Louisville, KY, classified under NTEE code S01. The organization reported total revenue of $206K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisville Association For Community Economics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisville Association For Community Economics Inc is a small nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 25.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $206K |
| Total Expenses | $428K |
| Surplus / Deficit | $-222,360 |
| Total Assets | $1.4M |
| Total Liabilities | $82K |
| Net Assets | $1.3M |
| Operating Margin | -108.1% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 38.2 months |
Financial Health Grade: B
In 2023, Louisville Association For Community Economics Inc reported a deficit of $222K with expenses exceeding revenue, holds 38.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Louisville Association For Community Economics Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.4% | +13.7% | -8.5% |
| 2022 | +32.9% | +28.0% | +113.2% |
| 2021 | +746.2% | +699.2% | +696.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Louisville Association For Community Economics 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 Louisville Association For Community Economics 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 $222K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.0%.
Frequently Asked Questions about Louisville Association For Community Economics Inc
Is Louisville Association For Community Economics Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louisville Association For Community Economics Inc (EIN: 821927610) insufficient data. 0 red flags identified, 0 strengths noted.
How does Louisville Association For Community Economics Inc spend its money?
Detailed spending breakdown data is not yet available for Louisville Association For Community Economics Inc. Check back for updated IRS 990 analysis.
Are donations to Louisville Association For Community Economics Inc tax-deductible?
Louisville Association For Community Economics Inc is registered as a tax-exempt nonprofit (EIN: 821927610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Louisville Association For Community Economics Inc located?
Louisville Association For Community Economics Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 821927610. It is classified under NTEE code S01.
How many years of IRS 990 filings does Louisville Association For Community Economics Inc have?
Louisville Association For Community Economics Inc has 4 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 $206K in total revenue.
Filing History
IRS 990 filing history for Louisville Association For Community Economics Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Louisville Association For Community Economics Inc's revenue has grown by 98%, moving from $104K to $206K. Total assets increased by 1453.1% over the same period, from $88K to $1.4M. Total functional expenses rose by 1062.9%, from $37K to $428K. In its most recent filing year (2023), Louisville Association For Community Economics Inc reported a deficit of $222K, with expenses exceeding revenue. The organization holds $82K in liabilities against $1.4M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $206K | $428K | $1.4M | $82K | — | View 990 |
| 2022 | $1.2M | $377K | $1.5M | $-281 | — | View 990 |
| 2021 | $879K | $294K | $699K | $0 | — | — |
| 2020 | $104K | $37K | $88K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $206K, expenses of $428K, and assets of $1.4M (revenue -82.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $377K, and assets of $1.5M (revenue +32.9% year-over-year).
- 2021: Revenue of $879K, expenses of $294K, and assets of $699K (revenue +746.2% year-over-year).
- 2020: Revenue of $104K, expenses of $37K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisville Association For Community Economics Inc:
Data Sources and Methodology
This transparency report for Louisville Association For Community Economics 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.