Is Lake Superior Youth Chorus Inc Legit? —…

Quick charity verification for Lake Superior Youth Chorus Inc (EIN: 203372257)

Spending Breakdown

How Lake Superior Youth Chorus 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

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 Superior Youth Chorus Inc

Is Lake Superior Youth Chorus Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Lake Superior Youth Chorus Inc (EIN: 203372257) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.

Is Lake Superior Youth Chorus Inc a good charity to donate to?

Lake Superior Youth Chorus Inc has a Mission Score of 88/100. Revenue: $279K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lake Superior Youth Chorus Inc?

The Employer Identification Number (EIN) for Lake Superior Youth Chorus Inc is 203372257. 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 Superior Youth Chorus Inc spend its money?

Lake Superior Youth Chorus Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lake Superior Youth Chorus Inc's tax-exempt status?

You can verify Lake Superior Youth Chorus Inc's tax-exempt status using EIN 203372257 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 Superior Youth Chorus Inc. demonstrates generally sound financial health, with a notable increase in revenue and assets over the past few years. In the latest reported period (202306), the organization had revenues of $251,313 against expenses of $276,181, indicating a slight operating deficit for that year. However, the overall trend shows growth, with revenue nearly doubling from $123,413 in 202106 to $251,313 in 202306. The organization's assets have also grown significantly, from $19,120 in 202306 to the current $83,990, suggesting improved financial stability.

Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which can free up more funds for programmatic activities. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator for efficient use of funds.

Transparency is high, as evidenced by the availability of 9 years of IRS 990 filings. The consistent reporting and public access to these documents allow for thorough financial scrutiny. The organization's growth in revenue and assets, coupled with its commitment to not paying officer compensation, suggests a well-managed and transparent operation focused on its mission.

Is Lake Superior Youth Chorus Inc Legit?

Verdict: Lake Superior Youth Chorus Inc appears trustworthy

Red Flags

Strengths