Quick charity verification for Millville Lake Protective Assoc (EIN: 20519395)
Verdict: Millville Lake Protective Assoc appears trustworthy
95/100Mission Score
$128KRevenue
$423KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong program spending efficiency due to 0% officer compensation.
Consistent and significant growth in revenue, from $278 in 2013 to $116,666 in 2023.
Healthy asset accumulation, growing from $8,231 in 2013 to $321,402 in 2023, without incurring liabilities.
Excellent financial stability with zero reported liabilities across all filings.
High transparency with 10 years of consistent IRS 990 filings available.
Spending Breakdown
How Millville Lake Protective Assoc 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 Millville Lake Protective Assoc
Is Millville Lake Protective Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Millville Lake Protective Assoc (EIN: 20519395) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Millville Lake Protective Assoc a good charity to donate to?
Millville Lake Protective Assoc has a Mission Score of 95/100. Revenue: $128K. Assets: $423K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Millville Lake Protective Assoc?
The Employer Identification Number (EIN) for Millville Lake Protective Assoc is 20519395. 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 Millville Lake Protective Assoc spend its money?
Millville Lake Protective Assoc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Millville Lake Protective Assoc's tax-exempt status?
You can verify Millville Lake Protective Assoc's tax-exempt status using EIN 20519395 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
The Millville Lake Protective Assoc demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in revenue and assets over the past decade. In the latest filing (202312), the organization reported revenue of $116,666 against expenses of $88,257, indicating a healthy surplus that contributes to its growing asset base of $321,402. This trend of revenue exceeding expenses is consistent across recent years, allowing for significant asset accumulation from $8,231 in 2013 to $422,587 currently.
The organization's spending efficiency appears robust, with a significant portion of its budget likely directed towards program services given its low overall expenses relative to revenue. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership, which further enhances its efficiency by minimizing administrative overhead. The consistent growth in assets without incurring liabilities also points to sound financial management and sustainability.
Transparency is high, with 10 filings available, and the consistent reporting of zero liabilities and zero officer compensation simplifies financial analysis. The organization's financial trajectory shows a well-managed, growing entity focused on its protective mission, with a strong capacity to fund its activities through accumulated reserves.