Quick charity verification for Lake Nelson Memorial Park Inc (EIN: 221054151)
Verdict: Lake Nelson Memorial Park Inc appears trustworthy
85/100Mission Score
$479KRevenue
$1.3MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue fluctuation between years (2022 revenue $239,557 vs. 2023 revenue $627,982)
Deficit spending in 2022 (expenses $407,809 exceeded revenue $239,557)
Strengths
Strong revenue growth in 2023 ($627,982)
Positive net income in 2023 (revenue $627,982 vs. expenses $431,267)
Consistent asset growth ($656,082 in 2022 to $995,618 in 2023)
0% officer compensation reported in both years, indicating high efficiency in executive pay
Spending Breakdown
How Lake Nelson Memorial Park Inc 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 Nelson Memorial Park Inc
Is Lake Nelson Memorial Park Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Nelson Memorial Park Inc (EIN: 221054151) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Lake Nelson Memorial Park Inc a good charity to donate to?
Lake Nelson Memorial Park Inc has a Mission Score of 85/100. Revenue: $479K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Nelson Memorial Park Inc?
The Employer Identification Number (EIN) for Lake Nelson Memorial Park Inc is 221054151. 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 Nelson Memorial Park Inc spend its money?
Lake Nelson Memorial Park Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Nelson Memorial Park Inc's tax-exempt status?
You can verify Lake Nelson Memorial Park Inc's tax-exempt status using EIN 221054151 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 Nelson Memorial Park Inc. demonstrates a fluctuating financial picture over the past two years. In 2023, the organization reported strong revenue growth to $627,982, significantly exceeding its expenses of $431,267, leading to a substantial increase in net assets. This positive trend is a good indicator of financial health. However, the prior year (2022) saw expenses of $407,809 outstrip revenue of $239,557, suggesting a period of deficit spending. The organization's assets have grown consistently, reaching $995,618 in 2023, which provides a solid financial base. The consistent reporting of 0% officer compensation across both filings suggests good stewardship regarding executive pay and potentially a volunteer-led or minimally compensated leadership structure, which enhances transparency and efficiency.