Quick charity verification for Inter Lakes Scholarship Foundation (EIN: 222474302)
Verdict: Inter Lakes Scholarship Foundation appears trustworthy
85/100Mission Score
$48KRevenue
$432KAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed program impact reporting beyond financial figures.
Limited public information regarding governance and board oversight.
Strengths
Consistently high percentage of expenses dedicated to programs (71% in 2023).
Healthy asset growth over the past several years, from $272,537 in 2019 to $432,403 in 2023.
No reported fundraising expenses, indicating efficient operations.
Spending Breakdown
How Inter Lakes Scholarship Foundation allocates its funds across programs, administration, and fundraising.
71%
Program Spending
Healthy — majority goes to mission
29%
Admin Costs
High — over 25% on administration
0%
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 Inter Lakes Scholarship Foundation
Is Inter Lakes Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Inter Lakes Scholarship Foundation (EIN: 222474302) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Inter Lakes Scholarship Foundation a good charity to donate to?
Inter Lakes Scholarship Foundation has a Mission Score of 85/100. Revenue: $48K. Assets: $432K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Inter Lakes Scholarship Foundation?
The Employer Identification Number (EIN) for Inter Lakes Scholarship Foundation is 222474302. 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 Inter Lakes Scholarship Foundation spend its money?
Inter Lakes Scholarship Foundation allocates 71% to programs, 29% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Inter Lakes Scholarship Foundation's tax-exempt status?
You can verify Inter Lakes Scholarship Foundation's tax-exempt status using EIN 222474302 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
Inter Lakes Scholarship Foundation is a philanthropy, voluntarism & grantmaking nonprofit based in Meredith, New Hampshire, with reported revenue of $48K and assets of $432K. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 71% of spending goes to programs, 29% to administration, and 0% to fundraising. • Financial data is available through IRS Form 990 filings, but detailed program descriptions and impact reports are not readily accessible on a public website. • The organization's website primarily focuses on scholarship applications and donor information, lacking a dedicated transparency or 'about us' section with comprehensive operational details. Executive compensation is not reported in the available filings, indicating that key employees, if any, are likely compensated below the IRS reporting threshold or are volunteers. Revenue has declined -56% across 9 filing periods.