Quick charity verification for L S P Association (EIN: 20314704)
Verdict: L S P Association appears trustworthy
85/100Mission Score
$1.7MRevenue
$3.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and mission focus.
Significant revenue growth in the latest filing period (202310), with revenue of $1,647,051.
Positive net income in the latest filing period, with revenue exceeding expenses by over $590,000.
Steady growth in assets over the past decade, reaching $3,261,339 in 202310.
Low liabilities relative to assets, suggesting financial stability (e.g., $515,609 liabilities vs. $3,261,339 assets in 202310).
Spending Breakdown
How L S P Association 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 L S P Association
Is L S P Association a legitimate charity?
Based on AI analysis of IRS 990 filings, L S P Association (EIN: 20314704) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is L S P Association a good charity to donate to?
L S P Association has a Mission Score of 85/100. Revenue: $1.7M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for L S P Association?
The Employer Identification Number (EIN) for L S P Association is 20314704. 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 L S P Association spend its money?
L S P Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify L S P Association's tax-exempt status?
You can verify L S P Association's tax-exempt status using EIN 20314704 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
L S P Association demonstrates a generally healthy financial position, with a notable increase in revenue and assets in its most recent filing period (202310). The organization reported revenue of $1,647,051 against expenses of $1,053,627, resulting in a significant surplus. This positive trend follows several years where expenses often exceeded or closely matched revenue, indicating improved financial management or increased donor support. The organization's assets have also grown consistently, reaching $3,261,339 in 202310, suggesting good stewardship of resources.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial prudence and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice enhances transparency and trust.
Overall, L S P Association appears to be in a stable and improving financial state. The absence of officer compensation is a significant positive for transparency and efficiency. Further detailed expense breakdowns would allow for a more granular analysis of program spending ratios.