Quick charity verification for Lacuna Corporation (EIN: 203782729)
Verdict: Lacuna Corporation appears trustworthy
85/100Mission Score
$252KRevenue
$5.2MAssets
2Red Flags
5Strengths
Red Flags
Significant volatility in liabilities across filing periods, peaking at $3,421,900 in 202009, warrants further investigation.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits a granular assessment of spending efficiency.
Strengths
Exceptional financial health with revenue significantly exceeding expenses, as seen in 202309 ($2,547,007 revenue vs. $163,353 expenses).
Strong asset growth from $345,411 in 201109 to $5,183,956 in 202309, indicating robust financial management.
Consistent reporting of 0% officer compensation across all filings, suggesting a high dedication of resources to the mission rather than executive pay.
Long and consistent IRS 990 filing history (10 filings), demonstrating good transparency and compliance.
Positive net income in most periods, contributing to substantial reserves and financial stability.
Spending Breakdown
How Lacuna Corporation 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 Lacuna Corporation
Is Lacuna Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lacuna Corporation (EIN: 203782729) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Lacuna Corporation a good charity to donate to?
Lacuna Corporation has a Mission Score of 85/100. Revenue: $252K. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lacuna Corporation?
The Employer Identification Number (EIN) for Lacuna Corporation is 203782729. 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 Lacuna Corporation spend its money?
Lacuna Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lacuna Corporation's tax-exempt status?
You can verify Lacuna Corporation's tax-exempt status using EIN 203782729 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
Lacuna Corporation demonstrates strong financial health, particularly in its latest filing period (202309) where it reported substantial revenue of $2,547,007 against expenses of $163,353, indicating a significant surplus. The organization's assets have grown considerably over time, reaching $5,183,956 in 202309, up from $345,411 in 201109. This growth suggests effective asset management and financial stability. However, there's a notable fluctuation in liabilities, peaking at $3,421,900 in 202009 and then decreasing to $567,900 in 202309, which warrants further investigation into the nature of these liabilities.
The organization's spending efficiency appears robust, with expenses consistently much lower than revenue in most periods, especially in 202309 where expenses were only 6.4% of revenue. This suggests a high proportion of funds are retained or allocated to future programs rather than immediate operational costs. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead related to executive pay, contributing positively to spending efficiency. The NTEE code C32 (Community Development Corporations) suggests a focus on community-based programs, aligning with a mission-driven approach.
Transparency is generally good, with a consistent filing history of 10 IRS 990 forms. The detailed financial figures provided in the filings allow for a clear understanding of the organization's financial activities. The absence of officer compensation is a positive transparency indicator. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories within the provided data, a precise assessment of spending efficiency across these specific areas is limited. Further scrutiny of the full 990 forms would be needed to fully evaluate the allocation of the $163,353 in expenses reported in 202309.