Is Lake George Club Legit?

Quick charity verification for Lake George Club (EIN: 140817670)

Verdict: Lake George Club appears trustworthy

85/100Mission Score

$4.8MRevenue

$4.2MAssets

1Red Flags

4Strengths

Red Flags

Expenses exceeded revenue in the most recent 2023 filing, indicating a deficit for that period.

Strengths

Consistent revenue generation over the past decade, with latest revenue at $2,646,222 in 2023.
Steady growth in assets, from $1,718,867 in 2014 to $2,734,369 in 2023.
Low liabilities relative to assets, indicating strong financial solvency (e.g., $243,028 liabilities vs. $2,734,369 assets in 2023).
No reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.

Spending Breakdown

How Lake George Club allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 George Club

Is Lake George Club a legitimate charity?

Based on AI analysis of IRS 990 filings, Lake George Club (EIN: 140817670) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Lake George Club a good charity to donate to?

Lake George Club has a Mission Score of 85/100. Revenue: $4.8M. Assets: $4.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lake George Club?

The Employer Identification Number (EIN) for Lake George Club is 140817670. 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 George Club spend its money?

Lake George Club allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lake George Club's tax-exempt status?

You can verify Lake George Club's tax-exempt status using EIN 140817670 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 George Club demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $2,516,928 against expenses of $2,434,098, indicating a slight surplus. However, the most recent filing for 2023 shows expenses ($2,829,304) exceeding revenue ($2,646,222), resulting in a deficit for that period. The organization's assets have shown growth, from $1,718,867 in 2014 to $2,734,369 in 2023, suggesting a stable asset base. Liabilities have remained relatively low compared to assets, indicating good financial solvency.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational expenses relative to revenue suggest a stable cost structure. The absence of reported officer compensation is a notable point regarding transparency, as it implies either volunteer leadership or compensation below reporting thresholds, which could be a positive indicator of resource allocation towards the organization's activities.

Overall, the Lake George Club appears to be a financially stable organization with a history of managing its resources effectively, though the recent deficit in 2023 warrants attention. Its asset growth and low liabilities are positive indicators of long-term viability. The lack of reported officer compensation is a strong point for transparency and efficient use of funds.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.