Quick charity verification for Lake Hiawatha Swim Club Inc (EIN: 10687526)
Verdict: Lake Hiawatha Swim Club Inc appears trustworthy
92/100Mission Score
$179KRevenue
$68KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent reporting of $0 liabilities, indicating strong financial health.
0% officer compensation, demonstrating volunteer leadership and high efficiency.
Generally stable revenue streams over the past decade.
Consistent filing of IRS Form 990s, indicating transparency.
Positive net income in most recent filing (202312: Revenue $186,171 vs. Expenses $163,881).
Spending Breakdown
How Lake Hiawatha Swim Club Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Hiawatha Swim Club Inc
Is Lake Hiawatha Swim Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Hiawatha Swim Club Inc (EIN: 10687526) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Lake Hiawatha Swim Club Inc a good charity to donate to?
Lake Hiawatha Swim Club Inc has a Mission Score of 92/100. Revenue: $179K. Assets: $68K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Hiawatha Swim Club Inc?
The Employer Identification Number (EIN) for Lake Hiawatha Swim Club Inc is 10687526. 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 Hiawatha Swim Club Inc spend its money?
Lake Hiawatha Swim Club Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Hiawatha Swim Club Inc's tax-exempt status?
You can verify Lake Hiawatha Swim Club Inc's tax-exempt status using EIN 10687526 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
Lake Hiawatha Swim Club Inc. appears to be a small, community-focused organization with generally stable financial operations. Over the past decade, its annual revenues have typically ranged between $150,000 and $180,000, with the exception of a dip in 2020. The organization consistently reports zero liabilities, indicating a healthy balance sheet and responsible financial management. Program spending is likely high given the nature of a swim club, and the absence of officer compensation suggests that leadership is volunteer-based, which is a strong indicator of efficiency and dedication to its mission. The organization's assets have fluctuated, peaking in 2019 at $181,772 and currently standing at $76,225 as of 2023, which is a reasonable level for an organization of its size and purpose. The consistent filing of IRS Form 990s demonstrates a commitment to transparency.