Is Lakes Region Television Legit?

Lakes Region Television demonstrates consistent financial activity, with revenues and expenses generally hovering around the $100,000 to $150,000 mark over the past decade. The organization has maintained a healthy asset base, currently at $116,758, which has shown growth from $67,145 in 2011. Liabilities have consistently remained very low, indicating strong financial management and minimal debt burden. The organization's commitment to transparency is evident through its consistent filing of IRS Form 990s, with nine filings available, and the explicit reporting of 0% officer compensation across all periods, which is a significant positive indicator for a nonprofit of this size. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests that a substantial portion of expenses is likely directed towards operational costs and program delivery. The organization has experienced periods where expenses exceeded revenue, such as in 2024 ($134,724 expenses vs. $116,326 revenue) and 2022 ($113,850 expenses vs. $110,659 revenue), which can lead to a slight draw on reserves but is not uncommon for smaller nonprofits managing fluctuating funding. Overall, Lakes Region Television appears to be a financially stable and transparent organization, effectively managing its resources with a clear focus on its mission, as evidenced by its minimal liabilities and zero executive compensation.