Quick charity verification for Lost Lake Run Inc (EIN: 205812503)
Verdict: Lost Lake Run Inc appears trustworthy
92/100Mission Score
$256KRevenue
$16KAssets
1Red Flags
5Strengths
Red Flags
Relatively small asset base, which could limit ability to weather significant unexpected expenses without external support.
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
Revenues and expenses consistently track closely, demonstrating effective financial management and program delivery.
Strong program focus, with most funds spent on the mission rather than accumulating large reserves.
Excellent transparency with 13 consistent IRS 990 filings.
Low liabilities, indicating sound financial health and minimal debt.
Spending Breakdown
How Lost Lake Run Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Lost Lake Run Inc
Is Lost Lake Run Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lost Lake Run Inc (EIN: 205812503) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Lost Lake Run Inc a good charity to donate to?
Lost Lake Run Inc has a Mission Score of 92/100. Revenue: $256K. Assets: $16K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lost Lake Run Inc?
The Employer Identification Number (EIN) for Lost Lake Run Inc is 205812503. 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 Lost Lake Run Inc spend its money?
Lost Lake Run Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lost Lake Run Inc's tax-exempt status?
You can verify Lost Lake Run Inc's tax-exempt status using EIN 205812503 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
Lost Lake Run Inc, based in Anchorage, AK, appears to be a financially stable organization with a consistent history of operating near break-even. Over the past decade, its revenues and expenses have generally tracked closely, indicating efficient management of its primary event. For instance, in 2023, revenue was $199,231 against expenses of $197,743, and in 2022, revenue was $181,259 with expenses of $178,475. This close alignment suggests that the organization is effectively utilizing its income to cover its operational costs, primarily related to its running event.
The organization maintains a relatively small asset base, with current assets at $16,315 and fluctuating between $2,284 and $50,292 over the years. This indicates that it does not accumulate significant reserves, preferring to spend most of its income on its programs. The consistent reporting of 0% officer compensation across all filings demonstrates a commitment to volunteer leadership, which is a strong indicator of financial efficiency and donor trust. The organization's transparency is high, with 13 filings available, showing a clear and consistent reporting history.
Overall, Lost Lake Run Inc exhibits strong financial health characterized by prudent spending, minimal overhead, and a clear focus on its mission without accumulating excessive assets or incurring significant liabilities. Its consistent operational model and volunteer-driven leadership contribute to its efficiency and transparency.