Quick charity verification for Lakeshore Community Association Inc (EIN: 203492728)
Verdict: Lakeshore Community Association Inc appears trustworthy
85/100Mission Score
$1.2MRevenue
$2.3MAssets
1Red Flags
4Strengths
Red Flags
Significant deficit in fiscal year 2022 ($1,425,448 expenses vs. $1,145,542 revenue)
Strengths
Consistent revenue growth over nine years (from $902,195 in 2015 to $1,184,871 in 2023)
Healthy asset growth, more than doubling from $873,748 in 2015 to $2,039,830 in 2023
0% reported officer compensation across all nine filings, indicating high efficiency in leadership costs
Generally operates with a surplus, demonstrating sound financial management in most years
Spending Breakdown
How Lakeshore Community Association 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 Lakeshore Community Association Inc
Is Lakeshore Community Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeshore Community Association Inc (EIN: 203492728) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Lakeshore Community Association Inc a good charity to donate to?
Lakeshore Community Association Inc has a Mission Score of 85/100. Revenue: $1.2M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lakeshore Community Association Inc?
The Employer Identification Number (EIN) for Lakeshore Community Association Inc is 203492728. 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 Lakeshore Community Association Inc spend its money?
Lakeshore Community Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lakeshore Community Association Inc's tax-exempt status?
You can verify Lakeshore Community Association Inc's tax-exempt status using EIN 203492728 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
Lakeshore Community Association Inc. demonstrates consistent financial activity, with revenues steadily increasing over the past nine years, from $902,195 in 2015 to $1,184,871 in 2023. The organization generally operates with a surplus, as seen in 2023 where revenues of $1,184,871 exceeded expenses of $1,118,084, indicating sound financial management. However, there was a notable deficit in 2022, with expenses of $1,425,448 significantly surpassing revenues of $1,145,542, which warrants further investigation into the cause of that specific year's increased spending.
The organization's assets have also shown healthy growth, more than doubling from $873,748 in 2015 to $2,039,830 in 2023, suggesting good stewardship of resources. A key strength in terms of transparency and financial health is the consistent reporting of 0% officer compensation across all nine filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The NTEE code S22 (Homeowners & Tenants Associations) suggests a focus on community services, and the financial data generally supports a stable operation within this mission.