Is Friends Of Lakeway Legit?

Strengths

No officer compensation reported across all filings, indicating high efficiency and volunteer commitment.
Consistent reporting of zero liabilities, demonstrating strong financial management and low risk.
Healthy asset base relative to its size, with $15,636 in assets in the latest filing.
Positive net income in the latest filing (202406), with revenue of $22,460 exceeding expenses of $11,349.
Long and consistent IRS 990 filing history (12 filings), indicating transparency and compliance.

Spending Breakdown

How Friends Of Lakeway allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Friends Of Lakeway

Is Friends Of Lakeway a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of Lakeway (EIN: 20508299) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Friends Of Lakeway a good charity to donate to?

Friends Of Lakeway has a Mission Score of 92/100. Revenue: $30K. Assets: $13K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friends Of Lakeway?

The Employer Identification Number (EIN) for Friends Of Lakeway is 20508299. 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 Friends Of Lakeway spend its money?

Friends Of Lakeway allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friends Of Lakeway's tax-exempt status?

You can verify Friends Of Lakeway's tax-exempt status using EIN 20508299 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

Friends Of Lakeway demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing (Period 202406), the organization reported revenue of $22,460 against expenses of $11,349, indicating a healthy surplus for the period. While the organization's revenue has fluctuated over the years, ranging from a low of $3,380 in 202006 to a high of $22,460 in 202406, its asset base has remained relatively stable, with current assets at $15,636 and no reported liabilities, suggesting good financial stewardship. The absence of officer compensation across all reported periods further enhances its transparency and efficiency profile.

The organization's financial health appears stable, with sufficient assets to cover its operations. The consistent reporting of zero liabilities across all filings is a strong indicator of sound financial management and low financial risk. The relatively small scale of operations, with latest revenue at $30,333, means that even minor fluctuations in income can significantly impact its annual results, as seen in the 202306 period where expenses ($14,183) exceeded revenue ($8,306). However, the overall trend shows a responsible approach to managing resources.

Friends Of Lakeway's transparency is excellent, particularly given its consistent filing history and the clear indication of no officer compensation. This suggests that the organization is primarily volunteer-driven or operates with very lean administrative costs, directly benefiting its programmatic activities. The detailed filing history provides a clear picture of its financial journey, allowing for thorough analysis of its operational efficiency and financial stability.

Verdict: Friends Of Lakeway appears trustworthy