Marcus Lattimore Foundation
EIN: 463390394 · Duncan, SC · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $13K |
| Net Assets | $13K |
Is Marcus Lattimore Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Marcus Lattimore Foundation
Marcus Lattimore Foundation (EIN: 463390394) is a nonprofit organization based in Duncan, SC, classified under NTEE code O50. The organization reported total revenue of $8K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marcus Lattimore Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marcus Lattimore Foundation is a micro nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2013–2018). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $13K |
| Surplus / Deficit | $-4,937 |
| Total Assets | $13K |
| Net Assets | $13K |
| Operating Margin | -64.2% |
| Months of Reserves | 12.0 months |
Financial Health Grade: B
In 2018, Marcus Lattimore Foundation reported a deficit of $5K with expenses exceeding revenue, holds 12.0 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2013–2018), Marcus Lattimore Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -49.0% | -71.8% | -28.1% |
| 2017 | -77.9% | -35.9% | -62.9% |
| 2016 | -47.9% | -54.8% | -3.8% |
| 2015 | -13.5% | +85.9% | -32.9% |
| 2014 | +1371.5% | +1687.2% | +1209.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Marcus Lattimore Foundation 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 Marcus Lattimore Foundation 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Marcus Lattimore Foundation
Is Marcus Lattimore Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Marcus Lattimore Foundation (EIN: 463390394) insufficient data. 0 red flags identified, 0 strengths noted.
How does Marcus Lattimore Foundation spend its money?
Detailed spending breakdown data is not yet available for Marcus Lattimore Foundation. Check back for updated IRS 990 analysis.
Are donations to Marcus Lattimore Foundation tax-deductible?
Marcus Lattimore Foundation is registered as a tax-exempt nonprofit (EIN: 463390394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marcus Lattimore Foundation located?
Marcus Lattimore Foundation is headquartered in Duncan, South Carolina and files with the IRS under EIN 463390394. It is classified under NTEE code O50.
How many years of IRS 990 filings does Marcus Lattimore Foundation have?
Marcus Lattimore Foundation has 6 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 $8K in total revenue.
Filing History
IRS 990 filing history for Marcus Lattimore Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2013–2018), Marcus Lattimore Foundation's revenue has declined by 25.1%, moving from $10K to $8K. Total assets increased by 125.7% over the same period, from $6K to $13K. Total functional expenses rose by 171%, from $5K to $13K. In its most recent filing year (2018), Marcus Lattimore Foundation reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $8K | $13K | $13K | $0 | — | View 990 |
| 2017 | $15K | $45K | $18K | $0 | — | View 990 |
| 2016 | $68K | $70K | $47K | $0 | — | View 990 |
| 2015 | $131K | $155K | $49K | $0 | — | View 990 |
| 2014 | $151K | $83K | $73K | $0 | — | View 990 |
| 2013 | $10K | $5K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $8K, expenses of $13K, and assets of $13K (revenue -49.0% year-over-year).
- 2017: Revenue of $15K, expenses of $45K, and assets of $18K (revenue -77.9% year-over-year).
- 2016: Revenue of $68K, expenses of $70K, and assets of $47K (revenue -47.9% year-over-year).
- 2015: Revenue of $131K, expenses of $155K, and assets of $49K (revenue -13.5% year-over-year).
- 2014: Revenue of $151K, expenses of $83K, and assets of $73K (revenue +1371.5% year-over-year).
- 2013: Revenue of $10K, expenses of $5K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marcus Lattimore Foundation:
Data Sources and Methodology
This transparency report for Marcus Lattimore Foundation 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.