The Louisiana Open Inc
EIN: 721043611 · Lafayette, LA
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $436K |
| Net Assets | $475K |
Is The Louisiana Open Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Louisiana Open Inc
The Louisiana Open Inc (EIN: 721043611) is a nonprofit organization based in Lafayette, LA. The organization reported total revenue of $161K and total assets of $406K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Louisiana Open Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Louisiana Open Inc is a small nonprofit that has been operating for 39 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $468K |
| Total Expenses | $436K |
| Surplus / Deficit | +$33K |
| Total Assets | $682K |
| Total Liabilities | $207K |
| Net Assets | $475K |
| Operating Margin | 6.9% |
| Debt-to-Asset Ratio | 30.4% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2022, The Louisiana Open Inc reported a surplus of $33K with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 30.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), The Louisiana Open Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -26.7% | +30.7% | +3.4% |
| 2021 | +881.3% | +9.3% | +16.0% |
| 2020 | -83.0% | -15.6% | +13.7% |
| 2019 | -4.2% | -12.7% | -2.8% |
| 2018 | -22.3% | +11.1% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Louisiana Open Inc 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 The Louisiana Open Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.4%.
Frequently Asked Questions about The Louisiana Open Inc
Is The Louisiana Open Inc a legitimate charity?
The Louisiana Open Inc (EIN: 721043611) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $161K. No red flags identified. Financial health grade: A.
How does The Louisiana Open Inc spend its money?
The Louisiana Open Inc reported $161K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Louisiana Open Inc tax-deductible?
The Louisiana Open Inc is registered as a tax-exempt nonprofit (EIN: 721043611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Louisiana Open Inc located?
The Louisiana Open Inc is headquartered in Lafayette, Louisiana and files with the IRS under EIN 721043611.
How many years of IRS 990 filings does The Louisiana Open Inc have?
The Louisiana Open Inc has 12 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 $161K in total revenue.
Filing History
IRS 990 filing history for The Louisiana Open Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), The Louisiana Open Inc's revenue has grown by 26%, moving from $372K to $468K. Total assets increased by 104.4% over the same period, from $334K to $682K. Total functional expenses rose by 18.3%, from $368K to $436K. In its most recent filing year (2022), The Louisiana Open Inc reported a surplus of $33K, with revenue exceeding expenses. The organization holds $207K in liabilities against $682K in assets (debt-to-asset ratio: 30.4%), resulting in net assets of $475K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $468K | $436K | $682K | $207K | — | View 990 |
| 2021 | $639K | $333K | $659K | $217K | — | — |
| 2020 | $65K | $305K | $568K | $431K | — | — |
| 2019 | $382K | $362K | $500K | $122K | — | View 990 |
| 2018 | $398K | $414K | $514K | $157K | — | View 990 |
| 2017 | $513K | $373K | $428K | $55K | — | View 990 |
| 2016 | $227K | $347K | $368K | $138K | — | View 990 |
| 2015 | $430K | $371K | $467K | $116K | — | View 990 |
| 2014 | $399K | $391K | $450K | $158K | — | View 990 |
| 2013 | $388K | $370K | $382K | $98K | — | View 990 |
| 2012 | $360K | $348K | $385K | $119K | — | View 990 |
| 2011 | $372K | $368K | $334K | $80K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $468K, expenses of $436K, and assets of $682K (revenue -26.7% year-over-year).
- 2021: Revenue of $639K, expenses of $333K, and assets of $659K (revenue +881.3% year-over-year).
- 2020: Revenue of $65K, expenses of $305K, and assets of $568K (revenue -83.0% year-over-year).
- 2019: Revenue of $382K, expenses of $362K, and assets of $500K (revenue -4.2% year-over-year).
- 2018: Revenue of $398K, expenses of $414K, and assets of $514K (revenue -22.3% year-over-year).
- 2017: Revenue of $513K, expenses of $373K, and assets of $428K (revenue +125.9% year-over-year).
- 2016: Revenue of $227K, expenses of $347K, and assets of $368K (revenue -47.2% year-over-year).
- 2015: Revenue of $430K, expenses of $371K, and assets of $467K (revenue +7.7% year-over-year).
- 2014: Revenue of $399K, expenses of $391K, and assets of $450K (revenue +2.8% year-over-year).
- 2013: Revenue of $388K, expenses of $370K, and assets of $382K (revenue +7.7% year-over-year).
- 2012: Revenue of $360K, expenses of $348K, and assets of $385K (revenue -3.1% year-over-year).
- 2011: Revenue of $372K, expenses of $368K, and assets of $334K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Louisiana Open Inc:
Data Sources and Methodology
This transparency report for The Louisiana Open 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.