Quick charity verification for Lakewood Shomrim Inc (EIN: 204862570)
Verdict: Lakewood Shomrim Inc appears trustworthy
92/100Mission Score
$1.2MRevenue
$736KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong and consistent revenue growth, from $73,503 in 2013 to $460,935 in 2022.
Zero reported officer compensation across all ten years of filings, indicating volunteer leadership.
Healthy financial surpluses in most years, such as $85,210 in 2022 (Revenue $460,935 vs. Expenses $375,725).
Significant asset growth from $14,294 in 2013 to $395,613 in 2022, demonstrating financial stability.
Consistent filing of IRS 990 forms over a decade, indicating transparency.
Spending Breakdown
How Lakewood Shomrim Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Lakewood Shomrim Inc
Is Lakewood Shomrim Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakewood Shomrim Inc (EIN: 204862570) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Lakewood Shomrim Inc a good charity to donate to?
Lakewood Shomrim Inc has a Mission Score of 92/100. Revenue: $1.2M. Assets: $736K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lakewood Shomrim Inc?
The Employer Identification Number (EIN) for Lakewood Shomrim Inc is 204862570. 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 Lakewood Shomrim Inc spend its money?
Lakewood Shomrim Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lakewood Shomrim Inc's tax-exempt status?
You can verify Lakewood Shomrim Inc's tax-exempt status using EIN 204862570 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
Lakewood Shomrim Inc. demonstrates a strong and consistent growth trajectory in its financial health, with its latest reported revenue reaching $1,153,030 and assets at $735,856. Over the past decade, the organization has shown remarkable expansion, particularly noting a significant jump in revenue from $73,503 in 2013 to $460,935 in 2022. The organization appears to be spending efficiently, as evidenced by its 2022 expenses of $375,725 against revenues of $460,935, indicating a healthy surplus. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of volunteerism at the leadership level, which is a positive indicator for donor confidence and efficient use of funds. The organization's liabilities have remained relatively low compared to its assets, further solidifying its financial stability.
The organization's spending efficiency is further highlighted by its ability to grow its asset base significantly over time, from $14,294 in 2013 to $395,613 in 2022, while maintaining a lean operational structure. The absence of reported officer compensation is a key factor contributing to its operational efficiency. While specific program spending percentages are not detailed in the provided data, the overall financial health and growth suggest that the organization is effectively managing its resources to achieve its mission. The consistent filing of IRS 990 forms over ten years also points to a commitment to transparency.