Significant expense spikes in certain years (e.g., $172,235 in 2019 vs. $68,436 revenue; $317,367 in 2016 vs. $112,281 revenue) without detailed expense breakdown in provided data.
Strengths
Consistent 0% officer compensation across all filings, indicating volunteer leadership or highly efficient administrative structure.
Strong asset base, consistently exceeding $270,000 and reaching $604,222 in the latest period, providing financial stability.
Very low expense ratio in recent years (e.g., 2023 expenses were only 10.5% of revenue), suggesting high program efficiency.
Positive net income in most recent years, contributing to asset growth.
Spending Breakdown
How Lyman Heritage Preservationfoundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Lyman Heritage Preservationfoundation Inc
Is Lyman Heritage Preservationfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lyman Heritage Preservationfoundation Inc (EIN: 205540882) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Lyman Heritage Preservationfoundation Inc a good charity to donate to?
Lyman Heritage Preservationfoundation Inc has a Mission Score of 85/100. Revenue: $304K. Assets: $604K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lyman Heritage Preservationfoundation Inc?
The Employer Identification Number (EIN) for Lyman Heritage Preservationfoundation Inc is 205540882. 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 Lyman Heritage Preservationfoundation Inc spend its money?
Lyman Heritage Preservationfoundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lyman Heritage Preservationfoundation Inc's tax-exempt status?
You can verify Lyman Heritage Preservationfoundation Inc's tax-exempt status using EIN 205540882 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
Lyman Heritage Preservationfoundation Inc demonstrates a generally healthy financial position, with assets consistently exceeding liabilities across its filing history. The organization's revenue has shown significant fluctuation, peaking at $248,852 in 2023 and $303,688 in its latest reported period, but also experiencing lower periods like $56,579 in 2020. A notable strength is the organization's very low expense ratio in recent years, particularly in 2023 where expenses were only $26,212 against $248,852 in revenue, indicating strong financial management and potentially significant reinvestment or accumulation of assets. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficiency.
The organization's spending efficiency appears high, especially in periods where expenses are a small fraction of revenue. For instance, in 2023, only about 10.5% of revenue was spent, leaving a substantial surplus. However, there have been periods, such as 2019 and 2016, where expenses ($172,235 and $317,367 respectively) significantly outstripped revenue ($68,436 and $112,281), which could indicate large capital projects or unusual operational costs in those specific years. Without a detailed breakdown of these expenses, it's difficult to fully assess the nature of these spending spikes. The consistent lack of reported officer compensation enhances the organization's transparency and suggests that resources are primarily directed towards its mission rather than executive salaries.