Quick charity verification for Friends Of The Lake Inc (EIN: 200317010)
Verdict: Friends Of The Lake Inc appears trustworthy
90/100Mission Score
$98KRevenue
$118KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth from $45,817 in 2011 to $118,482 currently.
No reported officer compensation (0%) across all filings, indicating high efficiency in directing funds to mission.
Low liabilities ($2,302 in 2023) relative to assets, suggesting strong financial management.
Positive revenue trend, with latest revenue at $98,170.
Spending Breakdown
How Friends Of The Lake Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Friends Of The Lake Inc
Is Friends Of The Lake Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Lake Inc (EIN: 200317010) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Friends Of The Lake Inc a good charity to donate to?
Friends Of The Lake Inc has a Mission Score of 90/100. Revenue: $98K. Assets: $118K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Lake Inc?
The Employer Identification Number (EIN) for Friends Of The Lake Inc is 200317010. 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 The Lake Inc spend its money?
Friends Of The Lake Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Lake Inc's tax-exempt status?
You can verify Friends Of The Lake Inc's tax-exempt status using EIN 200317010 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 The Lake Inc demonstrates a generally healthy financial position, with its latest revenue at $98,170 and assets at $118,482. The organization has shown growth in both revenue and assets over its filing history, with revenue increasing from $26,270 in 2011 to $41,591 in 2023 (and $98,170 most recently) and assets growing from $45,817 to $105,915 in the same period. This indicates a positive trend in financial stability and capacity. The organization's liabilities remain low, at $2,302 in 2023, suggesting good financial management and minimal debt burden. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.