Quick charity verification for Lawrence Woodmere Academy (EIN: 113028408)
Verdict: Lawrence Woodmere Academy shows mixed signals
65/100Mission Score
$12.8MRevenue
$4.0MAssets
3Red Flags
2Strengths
Red Flags
Consistent liabilities exceeding assets, indicating potential solvency issues or high debt reliance (e.g., $6,889,210 liabilities vs. $4,033,544 assets in 202306).
Multiple years of operating deficits prior to the latest filing (e.g., 202206, 202106, 202006).
Unusual 0% officer compensation reported across all filings, potentially obscuring executive pay details.
Strengths
Significant positive net income in the latest filing (202306) of $4,365,769, showing a strong recent financial turnaround.
Substantial revenue generation, with latest revenue at $12,826,465.
Spending Breakdown
How Lawrence Woodmere Academy allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Lawrence Woodmere Academy
Is Lawrence Woodmere Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Lawrence Woodmere Academy (EIN: 113028408) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Lawrence Woodmere Academy a good charity to donate to?
Lawrence Woodmere Academy has a Mission Score of 65/100. Revenue: $12.8M. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lawrence Woodmere Academy?
The Employer Identification Number (EIN) for Lawrence Woodmere Academy is 113028408. 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 Lawrence Woodmere Academy spend its money?
Lawrence Woodmere Academy allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lawrence Woodmere Academy's tax-exempt status?
You can verify Lawrence Woodmere Academy's tax-exempt status using EIN 113028408 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
Lawrence Woodmere Academy demonstrates fluctuating financial health over the past decade. While the latest filing (202306) shows a positive net income of $4,365,769 (Revenue $12,347,108 - Expenses $7,981,339), this follows several years of operating deficits, notably in 202206, 202106, 202006, 201806, 201706, and 201506. The organization's liabilities consistently exceed its assets, with liabilities at $6,889,210 against assets of $4,033,544 in 202306, indicating a reliance on debt or deferred revenue. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which could impact transparency regarding executive pay. The significant increase in revenue and positive net income in the latest period is a positive development, but the long-term financial stability needs careful monitoring given the historical trends.