Quick charity verification for Lake Bonneville Symphonic Society (EIN: 202061030)
Verdict: Lake Bonneville Symphonic Society appears trustworthy
88/100Mission Score
$54KRevenue
$13KAssets
2Red Flags
5Strengths
Red Flags
Limited asset reserves for future growth or emergencies
Specific functional expense breakdown (program, admin, fundraising) not detailed in summary data
Strengths
Consistent reporting of zero officer compensation
No reported liabilities across all filing periods
Expenses consistently align with revenue, indicating fiscal responsibility
Stable financial operations over a long period (13 filings)
High transparency through consistent IRS 990 filings
Spending Breakdown
How Lake Bonneville Symphonic Society 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 Lake Bonneville Symphonic Society
Is Lake Bonneville Symphonic Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Bonneville Symphonic Society (EIN: 202061030) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Lake Bonneville Symphonic Society a good charity to donate to?
Lake Bonneville Symphonic Society has a Mission Score of 88/100. Revenue: $54K. Assets: $13K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Bonneville Symphonic Society?
The Employer Identification Number (EIN) for Lake Bonneville Symphonic Society is 202061030. 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 Lake Bonneville Symphonic Society spend its money?
Lake Bonneville Symphonic Society allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Bonneville Symphonic Society's tax-exempt status?
You can verify Lake Bonneville Symphonic Society's tax-exempt status using EIN 202061030 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
The Lake Bonneville Symphonic Society demonstrates consistent financial activity, operating on a relatively small scale with latest reported revenue of $54,334 and assets of $12,540. The organization consistently reports zero liabilities and zero officer compensation across all available filings, indicating a lean operational structure and a volunteer-driven leadership. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary data, the consistent reporting of expenses closely matching revenue suggests a focus on direct program delivery with minimal overhead.
The organization's financial health appears stable, with revenues generally exceeding or closely matching expenses over the past several years, allowing for modest asset growth. For instance, in 202407, revenue was $39,759 against expenses of $39,432, resulting in a small surplus. The absence of liabilities is a strong indicator of financial prudence. However, the small asset base means the organization has limited reserves to weather significant financial disruptions or to invest in substantial growth initiatives.
Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The lack of officer compensation is a positive sign for donors concerned about executive pay. To further enhance transparency, a detailed breakdown of functional expenses (program, administrative, fundraising) would provide a clearer picture of spending efficiency, which is not explicitly available in the provided summary data.