Is Lakeside Christian Academy Inc Legit?

Quick charity verification for Lakeside Christian Academy Inc (EIN: 202918958)

Verdict: Lakeside Christian Academy Inc appears trustworthy

85/100Mission Score
$1.7MRevenue
$2.6MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Lakeside Christian Academy Inc demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization's revenue has steadily increased from $770,830 in 2015 to $1,521,139 in 2024, indicating strong operational sustainability. Their assets have also grown significantly, from $1,381,227 to $2,406,997 over the same period, suggesting prudent financial management and investment in their mission. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in most recent years, such as $1,521,139 in revenue against $1,424,601 in expenses in 2024. Regarding spending efficiency, the provided data indicates that 100% of officer compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and revenue. This suggests that either executive compensation is not being reported in this section, or the organization relies entirely on volunteer leadership, which would be exceptional. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. However, the consistent operational surpluses suggest that overall expenses are well-managed relative to income. In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a positive indicator. However, the lack of reported officer compensation raises questions about the completeness of the financial disclosures, particularly concerning how leadership is compensated or if they are entirely volunteer-based. Further investigation into the detailed expense breakdown within the 990s would be necessary to fully assess spending efficiency and the allocation of funds towards programs versus overhead.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

Related Pages