Consistent financial surpluses, such as $9,768 in 202405 (Revenue $37,482 - Expenses $27,714).
Growing asset base, from $10,330 in 201505 to $36,748 in 202405.
Zero reported liabilities across all filing periods.
0% officer compensation, indicating a volunteer-driven leadership.
Strong financial stability for a small nonprofit.
Spending Breakdown
How Clearlakes Chorale Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Clearlakes Chorale Inc
Is Clearlakes Chorale Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clearlakes Chorale Inc (EIN: 20386128) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Clearlakes Chorale Inc a good charity to donate to?
Clearlakes Chorale Inc has a Mission Score of 85/100. Revenue: $35K. Assets: $31K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Clearlakes Chorale Inc?
The Employer Identification Number (EIN) for Clearlakes Chorale Inc is 20386128. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Clearlakes Chorale Inc spend its money?
Clearlakes Chorale Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Clearlakes Chorale Inc's tax-exempt status?
You can verify Clearlakes Chorale Inc's tax-exempt status using EIN 20386128 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Clearlakes Chorale Inc. demonstrates consistent financial stability, operating with a healthy surplus in most recent years. For example, in the 202405 period, the organization reported revenue of $37,482 against expenses of $27,714, indicating a significant surplus. The organization's assets have also shown steady growth, increasing from $10,330 in 201505 to $36,748 in 202405, with no reported liabilities, which is a strong indicator of financial health. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, enhancing its transparency and commitment to its mission. While specific program spending details are not provided in the summary data, the overall financial picture points to a well-managed, fiscally responsible small nonprofit.