Quick charity verification for Lakes Region Association (EIN: 20223206)
Verdict: Lakes Region Association appears trustworthy
85/100Mission Score
$648KRevenue
$239KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue generation, with latest revenue at $666,800.
Significant asset growth, from $74,175 in 201507 to $269,882 in 202307.
0% reported officer compensation across all filings, indicating high efficiency in leadership costs.
Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Positive net assets, with assets ($269,882) exceeding liabilities ($118,435) in the latest filing.
Spending Breakdown
How Lakes Region Association allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Lakes Region Association
Is Lakes Region Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Association (EIN: 20223206) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Lakes Region Association a good charity to donate to?
Lakes Region Association has a Mission Score of 85/100. Revenue: $648K. Assets: $239K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lakes Region Association?
The Employer Identification Number (EIN) for Lakes Region Association is 20223206. 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 Lakes Region Association spend its money?
Lakes Region Association allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lakes Region Association's tax-exempt status?
You can verify Lakes Region Association's tax-exempt status using EIN 20223206 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 Lakes Region Association demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade, reaching $666,800 in revenue and $647,564 in expenses in the latest 202307 filing. The organization has shown a positive trend in asset growth, from $74,175 in 201507 to $269,882 in 202307, indicating a strengthening financial position. Liabilities have fluctuated but appear manageable relative to assets. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests a volunteer-led or very lean executive structure, contributing positively to spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s indicates a commitment to regulatory transparency.