L P S Development Corporation is a 501(c)(3) organization based in Dallas, Texas, registered in 1985, with -$201,811 in FY2023 revenue.
Revenue (FY2023)
-$202K
▼ 80.7% vs prior year
Education median: $200K
Expenses (FY2023)
$0
Net assets
$899K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for L P S Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. Not scored for L P S Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for L P S Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For L P S Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $334K (FY2013) to -$202K (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-100.0%
Spent more than it raised in the latest fiscal year.
Total assets
$10.7M
Total liabilities
$9.8M
Net assets
$899K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | -$201,811▼80.7% | $0 | $899,458▼18.3% | $10,666,071▲0.4% | 990 |
| 2022 | -$111,708▼3.5% | $0 | $1,101,269▼9.2% | $10,627,127▲4.2% | 990 |
| 2021 | -$107,917▲12.9% | $0 | $1,212,977▼8.2% | $10,203,391▼2.1% | 990 |
| 2020 | -$123,840▲12.3% | $0 | $1,320,894▼8.6% | $10,424,647▼3.7% | 990 |
| 2019 | -$141,177▲10.4% | $0 | $1,444,734▼8.9% | $10,821,875▼3.5% | 990 |
| 2018 | -$157,606▲25.7% | $0 | $1,585,911▼9.0% | $11,219,102▼3.4% | 990 |
| 2017 | -$212,183▼143% | $0 | $1,743,517▼10.8% | $11,616,331▼1.5% | 990 |
| 2016 | -$87,140▲6.8% | $0 | $1,955,700▼4.3% | $11,788,525▲61.6% | 990 |
| 2015 | -$93,501▼162% | $0▼100% | $2,042,840▼4.4% | $7,296,363▲10.0% | 990 |
| 2014 | $151,166▼54.8% | $244,247▼13.5% | $2,136,341▼4.2% | $6,631,908▼0.1% | 990 |
| 2013 | $334,416 | $282,441 | $2,229,422▲2.4% | $6,639,644▼2.0% | 990 |
| 2012 | — | $0 | $2,177,447▲28.7% | $6,771,969▲7.2% | 990 |
| 2011 | — | $0▼100% | $1,692,236▼9.8% | $6,318,004▼5.1% | 990 |
| 2009 | — | $2,000 | $1,876,403 | $6,657,354 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for L P S Development Corporation (EIN 75-2039769) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.