Mission Honduras Lemars Inc
Mission Honduras Lemars Inc maintains stable assets with volunteer leadership, despite fluctuating revenues and occasional operating deficits.
EIN: 113651250 · Lemars, IA · NTEE: T70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $86K |
| Program Spending | 80% |
| Net Assets | $107K |
| Transparency Score | 85/100 |
Is Mission Honduras Lemars Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mission Honduras Lemars Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mission Honduras Lemars Inc
Mission Honduras Lemars Inc (EIN: 113651250) is a nonprofit organization based in Lemars, IA, classified under NTEE code T70. The organization reported total revenue of $70K and total assets of $121K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mission Honduras Lemars Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mission Honduras Lemars Inc is a micro nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $86K |
| Surplus / Deficit | $-11,141 |
| Total Assets | $107K |
| Net Assets | $107K |
| Operating Margin | -14.9% |
| Months of Reserves | 14.9 months |
Financial Health Grade: B
In 2023, Mission Honduras Lemars Inc reported a deficit of $11K with expenses exceeding revenue, holds 14.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Mission Honduras Lemars Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.2% | -15.8% | -9.5% |
| 2022 | -3.0% | -19.6% | +15.3% |
| 2021 | +37.9% | +98.5% | -7.2% |
| 2020 | +27.8% | -5.7% | +28.9% |
| 2019 | +10.5% | -5.0% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Mission Honduras Lemars 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mission Honduras Lemars Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $11K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for donor perception of efficiency.
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 Mission Honduras Lemars Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312: Expenses=$85,874, Revenue=$74,733), which could be unsustainable if it becomes a trend.
Strengths
The following positive indicators were identified for Mission Honduras Lemars Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial efficiency at the leadership level.
- Consistent growth in net assets over the past decade, from $59,408 in 2014 to $106,678 in 2023, demonstrating financial resilience.
- Zero reported liabilities in recent years (2018-2023), indicating a debt-free and stable financial position.
- Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Frequently Asked Questions about Mission Honduras Lemars Inc
Is Mission Honduras Lemars Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mission Honduras Lemars Inc (EIN: 113651250) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mission Honduras Lemars Inc spend its money?
Mission Honduras Lemars Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mission Honduras Lemars Inc tax-deductible?
Mission Honduras Lemars Inc is registered as a tax-exempt nonprofit (EIN: 113651250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mission Honduras Lemars Inc's spending goes to programs?
Mission Honduras Lemars Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mission Honduras Lemars Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mission Honduras Lemars Inc is above average for NTEE category T70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mission Honduras Lemars Inc located?
Mission Honduras Lemars Inc is headquartered in Lemars, Iowa and files with the IRS under EIN 113651250. It is classified under NTEE code T70.
How many years of IRS 990 filings does Mission Honduras Lemars Inc have?
Mission Honduras Lemars 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 $70K in total revenue.
Is Mission Honduras Lemars Inc financially stable?
Yes, the organization appears financially stable. While revenue and expenses fluctuate, net assets have consistently grown over the past decade, reaching $106,678 in 2023, and liabilities have been consistently reported as $0 in recent years.
How does Mission Honduras Lemars Inc compensate its leadership?
All available IRS 990 filings for Mission Honduras Lemars Inc report 0% officer compensation, suggesting that its leadership is either entirely volunteer-based or compensated in roles not classified as officers.
Has Mission Honduras Lemars Inc experienced revenue growth?
Revenue has fluctuated significantly, from a low of $53,714 in 2014 to a high of $118,867 in 2021, and most recently $74,733 in 2023. There isn't a consistent upward trend, but rather variability.
Are the organization's expenses under control?
Expenses have generally tracked revenue, though in 2023, expenses ($85,874) exceeded revenue ($74,733). This is a point to monitor, but overall assets remain healthy, indicating past financial prudence.
Filing History
IRS 990 filing history for Mission Honduras Lemars Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mission Honduras Lemars Inc's revenue has grown by 21.7%, moving from $61K to $75K. Total assets increased by 62.6% over the same period, from $66K to $107K. Total functional expenses rose by 13.1%, from $76K to $86K. In its most recent filing year (2023), Mission Honduras Lemars Inc reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $86K | $107K | $0 | — | View 990 |
| 2022 | $115K | $102K | $118K | $0 | — | View 990 |
| 2021 | $119K | $127K | $102K | $0 | — | View 990 |
| 2020 | $86K | $64K | $110K | $0 | — | View 990 |
| 2019 | $67K | $68K | $85K | $0 | — | View 990 |
| 2018 | $61K | $71K | $86K | $0 | — | View 990 |
| 2017 | $79K | $96K | $98K | $2K | — | View 990 |
| 2016 | $79K | $26K | $130K | $16K | — | View 990 |
| 2015 | $56K | $55K | $61K | $0 | — | View 990 |
| 2014 | $54K | $50K | $59K | $0 | — | View 990 |
| 2013 | $66K | $57K | $55K | $0 | — | View 990 |
| 2012 | $98K | $118K | $46K | $0 | — | View 990 |
| 2011 | $61K | $76K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $86K, and assets of $107K (revenue -35.2% year-over-year).
- 2022: Revenue of $115K, expenses of $102K, and assets of $118K (revenue -3.0% year-over-year).
- 2021: Revenue of $119K, expenses of $127K, and assets of $102K (revenue +37.9% year-over-year).
- 2020: Revenue of $86K, expenses of $64K, and assets of $110K (revenue +27.8% year-over-year).
- 2019: Revenue of $67K, expenses of $68K, and assets of $85K (revenue +10.5% year-over-year).
- 2018: Revenue of $61K, expenses of $71K, and assets of $86K (revenue -22.5% year-over-year).
- 2017: Revenue of $79K, expenses of $96K, and assets of $98K (revenue -0.1% year-over-year).
- 2016: Revenue of $79K, expenses of $26K, and assets of $130K (revenue +39.7% year-over-year).
- 2015: Revenue of $56K, expenses of $55K, and assets of $61K (revenue +5.1% year-over-year).
- 2014: Revenue of $54K, expenses of $50K, and assets of $59K (revenue -18.8% year-over-year).
- 2013: Revenue of $66K, expenses of $57K, and assets of $55K (revenue -32.8% year-over-year).
- 2012: Revenue of $98K, expenses of $118K, and assets of $46K (revenue +60.1% year-over-year).
- 2011: Revenue of $61K, expenses of $76K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mission Honduras Lemars Inc:
Data Sources and Methodology
This transparency report for Mission Honduras Lemars 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.