Quick charity verification for Lost Valley Racing Club Inc (EIN: 10395918)
Verdict: Lost Valley Racing Club Inc appears trustworthy
90/100Mission Score
$104KRevenue
$81KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Healthy financial surplus ($71,352 revenue vs. $41,450 expenses in 2023)
Zero liabilities reported in latest filing
No officer compensation reported, indicating volunteer leadership or highly efficient operations
Strong asset base relative to revenue ($80,687 assets vs. $103,885 latest revenue)
Spending Breakdown
How Lost Valley Racing Club Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Lost Valley Racing Club Inc
Is Lost Valley Racing Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lost Valley Racing Club Inc (EIN: 10395918) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Lost Valley Racing Club Inc a good charity to donate to?
Lost Valley Racing Club Inc has a Mission Score of 90/100. Revenue: $104K. Assets: $81K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lost Valley Racing Club Inc?
The Employer Identification Number (EIN) for Lost Valley Racing Club Inc is 10395918. 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 Valley Racing Club Inc spend its money?
Lost Valley Racing Club Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lost Valley Racing Club Inc's tax-exempt status?
You can verify Lost Valley Racing Club Inc's tax-exempt status using EIN 10395918 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 Valley Racing Club Inc appears to be in sound financial health, as evidenced by its latest revenue of $103,885 and assets of $80,687. The organization reported $71,352 in revenue against $41,450 in expenses for the 2023 fiscal period, indicating a healthy surplus. With zero liabilities reported in its latest filing, the organization maintains a strong balance sheet, suggesting responsible financial management and a low-risk profile. The absence of officer compensation further indicates that resources are likely being directed towards the organization's mission rather than executive salaries.
The organization demonstrates strong spending efficiency, with expenses significantly lower than revenue in its most recent filing. This suggests that the club is effectively managing its costs relative to its income. While specific program, administrative, and fundraising expense breakdowns are not detailed in the provided summary, the overall financial picture points to a lean operation. The lack of officer compensation also contributes positively to its efficiency and transparency, as it implies a volunteer-driven or minimally compensated leadership structure, ensuring more funds are available for operational activities.