Quick charity verification for Lake Wales Care Center Foundation Inc (EIN: 200357499)
Verdict: Lake Wales Care Center Foundation Inc appears trustworthy
88/100Mission Score
$3.2MRevenue
$7.3MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency at the leadership level.
Significant growth in assets, reaching $7,258,452, demonstrating financial stability and prudent management.
Substantial increase in latest reported revenue to $3,198,075, potentially expanding program capacity.
Consistent filing of IRS Form 990s, indicating good transparency practices.
Spending Breakdown
How Lake Wales Care Center Foundation 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 Wales Care Center Foundation Inc
Is Lake Wales Care Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Wales Care Center Foundation Inc (EIN: 200357499) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
Is Lake Wales Care Center Foundation Inc a good charity to donate to?
Lake Wales Care Center Foundation Inc has a Mission Score of 88/100. Revenue: $3.2M. Assets: $7.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Wales Care Center Foundation Inc?
The Employer Identification Number (EIN) for Lake Wales Care Center Foundation Inc is 200357499. 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 Wales Care Center Foundation Inc spend its money?
Lake Wales Care Center Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Wales Care Center Foundation Inc's tax-exempt status?
You can verify Lake Wales Care Center Foundation Inc's tax-exempt status using EIN 200357499 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 Wales Care Center Foundation Inc demonstrates a consistent financial position with growing assets, reaching $7,258,452 in its latest filing. The organization's revenue has fluctuated significantly over the years, with a notable spike to $3,198,075 in the latest period, a substantial increase from previous years where revenue typically ranged from $200,000 to $680,000. This recent surge in revenue, if sustained, could significantly enhance its capacity to fulfill its mission. The organization consistently reports 0% officer compensation, indicating a volunteer-led or very lean executive structure, which is a strong positive for donor confidence and efficiency.
While the provided data doesn't detail the breakdown of expenses into program, administrative, and fundraising categories, the overall financial health appears stable with assets consistently exceeding liabilities. The organization's ability to operate with no reported officer compensation suggests a highly efficient use of funds at the leadership level. However, without a detailed functional expense breakdown, it's challenging to fully assess spending efficiency across all operational areas. The consistent growth in assets, even during periods of lower revenue, suggests prudent financial management and investment.
Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a key indicator of transparency and a commitment to directing funds towards the mission. To further enhance transparency, a more detailed public breakdown of program service accomplishments and functional expenses would be beneficial for donors and stakeholders.