Team Luke Hope For Minds
EIN: 320351208 · Lubbock, TX · NTEE: G48
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.2M |
| Net Assets | $202K |
Is Team Luke Hope For Minds Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Team Luke Hope For Minds
Team Luke Hope For Minds (EIN: 320351208) is a nonprofit organization based in Lubbock, TX, classified under NTEE code G48. The organization reported total revenue of $1.6M and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Team Luke Hope For Minds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Team Luke Hope For Minds is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $984K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-222,518 |
| Total Assets | $529K |
| Total Liabilities | $327K |
| Net Assets | $202K |
| Operating Margin | -22.6% |
| Debt-to-Asset Ratio | 61.8% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2023, Team Luke Hope For Minds reported a deficit of $223K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 61.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Team Luke Hope For Minds's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +7.7% | +9.8% |
| 2022 | -3.2% | +21.7% | -3.9% |
| 2021 | +70.7% | +63.6% | +48.0% |
| 2020 | +38.3% | -15.9% | +30.2% |
| 2019 | -23.6% | +28.5% | -44.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Team Luke Hope For Minds 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 Team Luke Hope For Minds 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 $223K, with expenses exceeding revenue.
- Debt-to-asset ratio: 61.8%.
Frequently Asked Questions about Team Luke Hope For Minds
Is Team Luke Hope For Minds a legitimate charity?
Based on AI analysis of IRS 990 filings, Team Luke Hope For Minds (EIN: 320351208) insufficient data. 0 red flags identified, 0 strengths noted.
How does Team Luke Hope For Minds spend its money?
Detailed spending breakdown data is not yet available for Team Luke Hope For Minds. Check back for updated IRS 990 analysis.
Are donations to Team Luke Hope For Minds tax-deductible?
Team Luke Hope For Minds is registered as a tax-exempt nonprofit (EIN: 320351208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Team Luke Hope For Minds located?
Team Luke Hope For Minds is headquartered in Lubbock, Texas and files with the IRS under EIN 320351208. It is classified under NTEE code G48.
How many years of IRS 990 filings does Team Luke Hope For Minds have?
Team Luke Hope For Minds 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for Team Luke Hope For Minds showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Team Luke Hope For Minds's revenue has grown by 884.2%, moving from $100K to $984K. Total assets increased by 430.8% over the same period, from $100K to $529K. Total functional expenses rose by 323408.8%, from $373 to $1.2M. In its most recent filing year (2023), Team Luke Hope For Minds reported a deficit of $223K, with expenses exceeding revenue. The organization holds $327K in liabilities against $529K in assets (debt-to-asset ratio: 61.8%), resulting in net assets of $202K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $984K | $1.2M | $529K | $327K | — | View 990 |
| 2022 | $1.1M | $1.1M | $481K | $49K | — | View 990 |
| 2021 | $1.1M | $921K | $501K | $0 | — | View 990 |
| 2020 | $637K | $563K | $339K | $4K | — | View 990 |
| 2019 | $460K | $669K | $260K | $0 | — | View 990 |
| 2018 | $602K | $521K | $470K | $328 | — | View 990 |
| 2017 | $160K | $140K | $103K | $601 | — | View 990 |
| 2016 | $88K | $140K | $83K | $601 | — | View 990 |
| 2015 | $206K | $112K | $134K | $601 | — | View 990 |
| 2014 | $60K | $141K | $40K | $505 | — | View 990 |
| 2013 | $112K | $140K | $121K | $505 | — | View 990 |
| 2012 | $141K | $92K | $149K | $440 | — | View 990 |
| 2011 | $100K | $373 | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $984K, expenses of $1.2M, and assets of $529K (revenue -6.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $481K (revenue -3.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $921K, and assets of $501K (revenue +70.7% year-over-year).
- 2020: Revenue of $637K, expenses of $563K, and assets of $339K (revenue +38.3% year-over-year).
- 2019: Revenue of $460K, expenses of $669K, and assets of $260K (revenue -23.6% year-over-year).
- 2018: Revenue of $602K, expenses of $521K, and assets of $470K (revenue +276.7% year-over-year).
- 2017: Revenue of $160K, expenses of $140K, and assets of $103K (revenue +80.7% year-over-year).
- 2016: Revenue of $88K, expenses of $140K, and assets of $83K (revenue -57.0% year-over-year).
- 2015: Revenue of $206K, expenses of $112K, and assets of $134K (revenue +244.7% year-over-year).
- 2014: Revenue of $60K, expenses of $141K, and assets of $40K (revenue -46.7% year-over-year).
- 2013: Revenue of $112K, expenses of $140K, and assets of $121K (revenue -20.5% year-over-year).
- 2012: Revenue of $141K, expenses of $92K, and assets of $149K (revenue +40.8% year-over-year).
- 2011: Revenue of $100K, expenses of $373, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Team Luke Hope For Minds:
Data Sources and Methodology
This transparency report for Team Luke Hope For Minds 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.