Quick charity verification for Lakes Region Consumer Advisory Board (EIN: 20449867)
Verdict: Lakes Region Consumer Advisory Board appears trustworthy
92/100Mission Score
$519KRevenue
$304KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses (e.g., $26,319 in 202306)
No reported officer compensation, indicating low overhead
Steady growth in net assets over time (from $219,857 in 201406 to $246,983 in 202306)
Strong program spending efficiency due to minimal administrative costs
Consistent IRS 990 filing history demonstrating transparency
Spending Breakdown
How Lakes Region Consumer Advisory Board 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 Lakes Region Consumer Advisory Board
Is Lakes Region Consumer Advisory Board a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Consumer Advisory Board (EIN: 20449867) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Lakes Region Consumer Advisory Board a good charity to donate to?
Lakes Region Consumer Advisory Board has a Mission Score of 92/100. Revenue: $519K. Assets: $304K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lakes Region Consumer Advisory Board?
The Employer Identification Number (EIN) for Lakes Region Consumer Advisory Board is 20449867. 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 Consumer Advisory Board spend its money?
Lakes Region Consumer Advisory Board allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lakes Region Consumer Advisory Board's tax-exempt status?
You can verify Lakes Region Consumer Advisory Board's tax-exempt status using EIN 20449867 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
Lakes Region Consumer Advisory Board demonstrates consistent financial stability and efficient operations based on its IRS 990 filings. Over the past several years, the organization has maintained a healthy balance between revenue and expenses, consistently reporting positive net assets. For instance, in the 202306 period, revenue was $432,883 against expenses of $406,564, resulting in a surplus. The organization's assets have also shown growth, increasing from $219,857 in 201406 to $246,983 in 202306, indicating sound financial management and accumulation of resources. Liabilities have remained manageable relative to assets, suggesting a low financial risk profile.
The organization's spending efficiency appears strong, as evidenced by its consistent ability to operate within its means and generate modest surpluses. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can contribute to lower administrative costs and higher program spending. This commitment to minimizing overhead, combined with a steady revenue stream, points to a well-managed and financially prudent nonprofit. The consistent filing of IRS 990s over 13 periods also indicates a commitment to transparency.