Lulac Head Start Inc
Lulac Head Start Inc: Consistent Program Delivery with Strong Asset Growth
EIN: 222478707 · New Haven, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.8M |
| Total Expenses | $7.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $10.1M |
| Transparency Score | 85/100 |
Is Lulac Head Start Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lulac Head Start Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lulac Head Start Inc
Lulac Head Start Inc (EIN: 222478707) is a nonprofit organization based in New Haven, CT. The organization reported total revenue of $9.8M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lulac Head Start Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lulac Head Start Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $7.9M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $12.8M |
| Total Liabilities | $2.8M |
| Net Assets | $10.1M |
| Operating Margin | 13.5% |
| Debt-to-Asset Ratio | 21.6% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2023, Lulac Head Start Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 21.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lulac Head Start Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +3.4% | +31.6% |
| 2022 | +26.9% | +4.3% | +14.2% |
| 2021 | +5.5% | +0.7% | +4.1% |
| 2020 | -9.6% | -3.0% | -1.0% |
| 2019 | -2.7% | -8.2% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lulac Head Start Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lulac Head Start Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization with revenues consistently around $7-9 million and assets exceeding $13 million in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lulac Head Start Inc's IRS 990 filings:
- Reported $0 executive compensation despite significant revenue and assets, which may indicate compensation is categorized differently or not fully disclosed.
- Lack of specific details regarding the allocation of administrative expenses beyond broad categories.
Strengths
The following positive indicators were identified for Lulac Head Start Inc:
- Consistent revenue generation, with 2023 revenue at $9,151,033.
- Strong asset growth, reaching $12,837,915 in 2023 from $7,796,973 in 2016.
- Low liability-to-asset ratio, indicating strong financial health (e.g., $2,777,054 liabilities vs. $12,837,915 assets in 2023).
- Clear focus on program services, as evidenced by the high percentage of expenses allocated to programs.
- Long operational history with consistent service delivery to the community.
Frequently Asked Questions about Lulac Head Start Inc
Is Lulac Head Start Inc a legitimate charity?
Lulac Head Start Inc (EIN: 222478707) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Lulac Head Start Inc spend its money?
Lulac Head Start Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lulac Head Start Inc tax-deductible?
Lulac Head Start Inc is registered as a tax-exempt nonprofit (EIN: 222478707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lulac Head Start Inc CEO make?
Lulac Head Start Inc's highest-compensated officer earns $0 annually. The organization reported $9.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lulac Head Start Inc's spending goes to programs?
Lulac Head Start Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lulac Head Start Inc located?
Lulac Head Start Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 222478707.
How many years of IRS 990 filings does Lulac Head Start Inc have?
Lulac Head Start 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 $9.8M in total revenue.
What does Lulac Head Start Inc do?
Lulac Head Start Inc is a nonprofit organization in the Unknown sector, located in New Haven, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Lulac Head Start Inc have?
Lulac Head Start Inc reported total revenue of $9,847,077. Based on 13 IRS 990 filings on record.
What are Lulac Head Start Inc's total assets?
Lulac Head Start Inc holds total assets of $13,681,910 as reported in IRS 990 filings.
Where is Lulac Head Start Inc located?
Lulac Head Start Inc is based in New Haven, Connecticut.
What is Lulac Head Start Inc's EIN?
Lulac Head Start Inc's Employer Identification Number (EIN) is 222478707. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lulac Head Start Inc?
Lulac Head Start Inc is classified under NTEE code Unknown (Unknown).
Is Lulac Head Start Inc a registered 501(c)(3)?
Lulac Head Start Inc appears in IRS records (EIN: 222478707). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lulac Head Start Inc file IRS Form 990?
Yes, Lulac Head Start Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Lulac Head Start Inc's revenue in 2023?
In the 202306 filing period, Lulac Head Start Inc reported total revenue of $9,151,033, total expenses of $7,913,610, and net assets of $12,837,915.
Is Lulac Head Start Inc's revenue growing or declining?
Lulac Head Start Inc's revenue is relatively stable. Revenue went from $9,404,982 (202206) to $9,151,033 (202306), a -2.7% change. Based on 13 filings on record.
What is Lulac Head Start Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lulac Head Start Inc covers tax period 202306. It shows revenue of $9,151,033, expenses of $7,913,610, total assets of $12,837,915, and liabilities of $2,777,054.
How much does Lulac Head Start Inc spend on programs vs administration?
Based on IRS 990 analysis, Lulac Head Start Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lulac Head Start Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lulac Head Start Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 5 strengths noted.
What are the red flags for Lulac Head Start Inc?
The following concerns were identified: Reported $0 executive compensation despite significant revenue and assets, which may indicate compensation is categorized differently or not fully disclosed.. Lack of specific details regarding the allocation of administrative expenses beyond broad categories.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lulac Head Start Inc's strengths?
Positive indicators for Lulac Head Start Inc include: Consistent revenue generation, with 2023 revenue at $9,151,033.. Strong asset growth, reaching $12,837,915 in 2023 from $7,796,973 in 2016.. Low liability-to-asset ratio, indicating strong financial health (e.g., $2,777,054 liabilities vs. $12,837,915 assets in 2023).. Clear focus on program services, as evidenced by the high percentage of expenses allocated to programs.. Long operational history with consistent service delivery to the community.. These findings are derived from AI analysis of the organization's financial filings.
How does Lulac Head Start Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization with revenues consistently around $7-9 million and assets exceeding $13 million in 2023. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Lulac Head Start Inc?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual for an organization of its size. • Detailed program service accomplishments are provided, clearly outlining the number of children served and the types of services offered. • Financial statements are readily available through public filings, showing consistent revenue and asset growth over the past several years. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported $0 executive compensation, how does Lulac Head Start Inc attract and retain leadership for an organization managing millions in revenue and assets?
The filings consistently show $0 for officer, director, trustee, and key employee compensation. This could imply that leadership roles are filled by volunteers, or that compensation is paid through a related entity not directly reported on the 990, or that the individuals are compensated as regular employees rather than key employees, which would be an unusual reporting practice for an organization of this scale.
What factors contributed to the significant increase in assets from $9,754,249 in 2022 to $12,837,915 in 2023?
The increase of over $3 million in assets in a single year suggests potential capital investments, significant grants received for future projects, or substantial accumulation of unrestricted net assets. Further investigation into the balance sheet details would be needed to pinpoint the exact drivers, such as property and equipment additions or increased cash reserves.
Filing History
IRS 990 filing history for Lulac Head Start Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lulac Head Start Inc's revenue has grown by 108.8%, moving from $4.4M to $9.2M. Total assets increased by 132.8% over the same period, from $5.5M to $12.8M. Total functional expenses rose by 77.2%, from $4.5M to $7.9M. In its most recent filing year (2023), Lulac Head Start Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $12.8M in assets (debt-to-asset ratio: 21.6%), resulting in net assets of $10.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $7.9M | $12.8M | $2.8M | — | View 990 |
| 2022 | $9.4M | $7.7M | $9.8M | $1.0M | — | View 990 |
| 2021 | $7.4M | $7.3M | $8.5M | $1.3M | — | View 990 |
| 2020 | $7.0M | $7.3M | $8.2M | $1.4M | — | View 990 |
| 2019 | $7.8M | $7.5M | $8.3M | $1.2M | — | View 990 |
| 2018 | $8.0M | $8.2M | $7.9M | $1.2M | — | View 990 |
| 2017 | $7.8M | $7.5M | $8.1M | $1.3M | — | View 990 |
| 2016 | $7.7M | $7.1M | $7.8M | $1.3M | — | View 990 |
| 2015 | $6.2M | $5.7M | $7.1M | $1.3M | — | View 990 |
| 2014 | $5.6M | $5.0M | $6.6M | $1.3M | — | View 990 |
| 2013 | $4.7M | $4.4M | $6.1M | $1.4M | — | View 990 |
| 2012 | $4.6M | $4.4M | $5.7M | $1.4M | — | View 990 |
| 2011 | $4.4M | $4.5M | $5.5M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $7.9M, and assets of $12.8M (revenue -2.7% year-over-year).
- 2022: Revenue of $9.4M, expenses of $7.7M, and assets of $9.8M (revenue +26.9% year-over-year).
- 2021: Revenue of $7.4M, expenses of $7.3M, and assets of $8.5M (revenue +5.5% year-over-year).
- 2020: Revenue of $7.0M, expenses of $7.3M, and assets of $8.2M (revenue -9.6% year-over-year).
- 2019: Revenue of $7.8M, expenses of $7.5M, and assets of $8.3M (revenue -2.7% year-over-year).
- 2018: Revenue of $8.0M, expenses of $8.2M, and assets of $7.9M (revenue +2.2% year-over-year).
- 2017: Revenue of $7.8M, expenses of $7.5M, and assets of $8.1M (revenue +1.4% year-over-year).
- 2016: Revenue of $7.7M, expenses of $7.1M, and assets of $7.8M (revenue +25.5% year-over-year).
- 2015: Revenue of $6.2M, expenses of $5.7M, and assets of $7.1M (revenue +10.6% year-over-year).
- 2014: Revenue of $5.6M, expenses of $5.0M, and assets of $6.6M (revenue +17.6% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.4M, and assets of $6.1M (revenue +3.2% year-over-year).
- 2012: Revenue of $4.6M, expenses of $4.4M, and assets of $5.7M (revenue +4.5% year-over-year).
- 2011: Revenue of $4.4M, expenses of $4.5M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lulac Head Start Inc:
Data Sources and Methodology
This transparency report for Lulac Head Start 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.