Is Lakeside Middle School Parent Teacher Organization Legit?
Quick charity verification for Lakeside Middle School Parent Teacher Organization (EIN: 161713207)
Verdict: Lakeside Middle School Parent Teacher Organization appears trustworthy
85/100Mission Score
$11KRevenue
$20KAssets
1Red Flags
5Strengths
Red Flags
Significant revenue volatility, with a low of $2 in 2021, which could impact consistent program delivery.
Strengths
Consistent reporting of 0% officer compensation, indicating a volunteer-driven model.
No reported liabilities across all filing periods, demonstrating strong financial management.
Consistent filing of IRS Form 990s over 13 periods, indicating transparency.
Healthy asset base relative to its operational size, with $25,692 in assets in the latest period.
Positive net income in the latest period (202406) with revenue of $15,726 exceeding expenses of $9,923.
AI Transparency Report
Lakeside Middle School Parent Teacher Organization demonstrates a generally healthy financial position for a small, volunteer-run entity, with assets consistently exceeding liabilities (which are consistently reported as $0). The organization's revenue has fluctuated significantly over the past few years, from a high of $37,688 in 2019 to a low of $2 in 2021, before rebounding to $15,726 in the latest filing (202406). This volatility is common for PTOs reliant on fundraising events. Spending efficiency appears reasonable given the nature of a PTO; while specific program spending breakdowns aren't detailed in the provided summary, the absence of officer compensation suggests that most funds are directed towards the school's benefit. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency, even for an organization below the typical audit threshold.