Presbyterian Learning Center Of Lumberton

Presbyterian Learning Center of Lumberton shows consistent asset base and zero officer compensation, but reported a deficit in 2023.

EIN: 202312125 · Lumberton, NC · NTEE: B24 · Updated: 2026-03-28

$747KRevenue

$856KAssets

85/100Mission Score (Excellent)

B24

About Presbyterian Learning Center Of Lumberton

Presbyterian Learning Center Of Lumberton (EIN: 202312125) is a nonprofit organization based in Lumberton, NC, classified under NTEE code B24. The organization reported total revenue of $747K and total assets of $856K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Presbyterian Learning Center Of Lumberton's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Presbyterian Learning Center Of Lumberton demonstrates a generally stable financial position, with assets consistently around $850,000-$950,000 in recent years, reaching $901,785 in 2023. The organization has shown a positive trend in revenue growth, increasing from $400,941 in 2018 to $662,410 in 2023, indicating growing support or program activity. However, the 2023 filing shows expenses ($697,410) exceeding revenue ($662,410), resulting in a deficit for that period, a shift from the surpluses seen in 2021 and 2022. This recent deficit warrants monitoring to ensure long-term sustainability.

The organization's spending efficiency appears strong, as indicated by the consistent 0% officer compensation across all reported periods. This suggests that resources are primarily directed towards programs and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. The significant revenue dip in 2020 to $15,138, followed by a rapid recovery, suggests resilience but also potential vulnerability to external factors.

Transparency is high given the consistent filing of IRS Form 990s over 13 periods and the clear reporting of financial metrics. The consistent 0% officer compensation is a transparent indicator of how leadership is compensated, or rather, not compensated through direct salaries, which is a strong point for donor confidence. The organization's ability to recover from a substantial revenue drop in 2020 and continue its operations demonstrates a robust underlying structure and commitment to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Presbyterian Learning Center Of Lumberton 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: 90%
fundraising: 0%

According to IRS 990 filings, Presbyterian Learning Center Of Lumberton allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving direct salaries from the organization, which is highly unusual for an organization with revenues exceeding $600,000 and assets over $900,000.

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 Presbyterian Learning Center Of Lumberton's IRS 990 filings:

Expenses exceeded revenue in the latest 2023 filing ($697,410 vs. $662,410), indicating a deficit.
Significant revenue volatility observed in 2020, with revenue dropping to $15,138 from $429,337 in 2019.

Strengths

The following positive indicators were identified for Presbyterian Learning Center Of Lumberton:

Consistent reporting of 0% officer compensation across all 13 filings, indicating strong resource allocation to mission.
Demonstrated resilience in recovering from a significant revenue drop in 2020.
Stable asset base, consistently around $850,000 - $950,000 in recent years.
Long history of IRS 990 filings (13 filings), indicating good transparency and compliance.

Frequently Asked Questions about Presbyterian Learning Center Of Lumberton

Is Presbyterian Learning Center Of Lumberton financially stable?

The organization generally appears stable with consistent assets around $900,000. However, the 2023 filing reported expenses ($697,410) exceeding revenue ($662,410), indicating a deficit for that year, which warrants monitoring.

How does Presbyterian Learning Center Of Lumberton spend its money?

While a detailed breakdown isn't fully available, the organization consistently reports 0% officer compensation, suggesting a very high proportion of funds are directed towards program services and essential administrative functions, with no direct executive salaries.

What caused the significant revenue drop in 2020?

The data shows a sharp decline in revenue from $429,337 in 2019 to $15,138 in 2020. Without further context from the 990 filings, it's difficult to pinpoint the exact cause, but it could be related to the COVID-19 pandemic or a specific funding event.

Are there any concerns about executive compensation?

No, quite the opposite. The organization consistently reports 0% officer compensation, which is a strong positive indicator of resource allocation directly to the mission rather than executive salaries.

Filing History

IRS 990 filing history for Presbyterian Learning Center Of Lumberton showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Presbyterian Learning Center Of Lumberton's revenue has grown by 30.4%, moving from $508K to $662K. Total assets decreased by 22.4% over the same period, from $1.2M to $902K. Total functional expenses rose by 25.5%, from $556K to $697K. In its most recent filing year (2023), Presbyterian Learning Center Of Lumberton reported a deficit of $35K, with expenses exceeding revenue. The organization holds $344K in liabilities against $902K in assets (debt-to-asset ratio: 38.2%), resulting in net assets of $558K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$662K	$697K	$902K	$344K	—	View 990
2022	$677K	$607K	$959K	$366K	—	View 990
2021	$617K	$495K	$907K	$384K	—	View 990
2020	$15K	$479K	$840K	$438K	—	View 990
2019	$429K	$435K	$840K	$452K	—	View 990
2018	$401K	$442K	$862K	$469K	—	View 990
2017	$392K	$411K	$885K	$451K	—	View 990
2016	$410K	$445K	$912K	$459K	—	View 990
2015	$486K	$491K	$964K	$459K	—	View 990
2014	$462K	$496K	$0	$0	—	View 990
2013	$476K	$510K	$1.1M	$546K	—	View 990
2012	$509K	$542K	$1.1M	$565K	—	View 990
2011	$508K	$556K	$1.2M	$584K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $662K, expenses of $697K, and assets of $902K (revenue -2.1% year-over-year).
2022: Revenue of $677K, expenses of $607K, and assets of $959K (revenue +9.7% year-over-year).
2021: Revenue of $617K, expenses of $495K, and assets of $907K (revenue +3974.4% year-over-year).
2020: Revenue of $15K, expenses of $479K, and assets of $840K (revenue -96.5% year-over-year).
2019: Revenue of $429K, expenses of $435K, and assets of $840K (revenue +7.1% year-over-year).
2018: Revenue of $401K, expenses of $442K, and assets of $862K (revenue +2.3% year-over-year).
2017: Revenue of $392K, expenses of $411K, and assets of $885K (revenue -4.3% year-over-year).
2016: Revenue of $410K, expenses of $445K, and assets of $912K (revenue -15.7% year-over-year).
2015: Revenue of $486K, expenses of $491K, and assets of $964K (revenue +5.1% year-over-year).
2014: Revenue of $462K, expenses of $496K, and assets of $0 (revenue -2.9% year-over-year).
2013: Revenue of $476K, expenses of $510K, and assets of $1.1M (revenue -6.5% year-over-year).
2012: Revenue of $509K, expenses of $542K, and assets of $1.1M (revenue +0.2% year-over-year).
2011: Revenue of $508K, expenses of $556K, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Presbyterian Learning Center Of Lumberton 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.