Capital Lakefair Inc
EIN: 237131672 · Olympia, WA · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $341K |
| Total Expenses | $372K |
| Net Assets | $188K |
Is Capital Lakefair Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Capital Lakefair Inc
Capital Lakefair Inc (EIN: 237131672) is a nonprofit organization based in Olympia, WA, classified under NTEE code B82. The organization reported total revenue of $341K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capital Lakefair Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Capital Lakefair Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $388K |
| Total Expenses | $372K |
| Surplus / Deficit | +$16K |
| Total Assets | $188K |
| Net Assets | $188K |
| Operating Margin | 4.2% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2023, Capital Lakefair Inc reported a surplus of $16K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Capital Lakefair Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +76.6% | -13.1% |
| 2022 | +864.5% | +160.0% | +452.6% |
| 2021 | +13.8% | -39.1% | -52.7% |
| 2020 | -89.7% | -53.8% | -54.7% |
| 2019 | +-0.0% | -14.6% | +20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Capital Lakefair Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Capital Lakefair Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
Frequently Asked Questions about Capital Lakefair Inc
Is Capital Lakefair Inc a legitimate charity?
Capital Lakefair Inc (EIN: 237131672) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $341K. No red flags identified. Financial health grade: A.
How does Capital Lakefair Inc spend its money?
Capital Lakefair Inc reported $341K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Capital Lakefair Inc tax-deductible?
Capital Lakefair Inc is registered as a tax-exempt nonprofit (EIN: 237131672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Capital Lakefair Inc located?
Capital Lakefair Inc is headquartered in Olympia, Washington and files with the IRS under EIN 237131672. It is classified under NTEE code B82.
How many years of IRS 990 filings does Capital Lakefair Inc have?
Capital Lakefair Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $341K in total revenue.
Filing History
IRS 990 filing history for Capital Lakefair Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Capital Lakefair Inc's revenue has grown by 47%, moving from $264K to $388K. Total assets decreased by 36.8% over the same period, from $298K to $188K. Total functional expenses rose by 33.9%, from $277K to $372K. In its most recent filing year (2023), Capital Lakefair Inc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $388K | $372K | $188K | $0 | — | — |
| 2022 | $359K | $210K | $217K | $0 | — | — |
| 2021 | $37K | $81K | $39K | $0 | — | View 990 |
| 2020 | $33K | $133K | $83K | $0 | — | — |
| 2019 | $318K | $288K | $183K | $0 | — | View 990 |
| 2018 | $318K | $337K | $152K | $0 | — | View 990 |
| 2017 | $290K | $290K | $171K | $0 | — | View 990 |
| 2016 | $272K | $304K | $171K | $0 | — | View 990 |
| 2015 | $279K | $356K | $208K | $27K | — | View 990 |
| 2014 | $285K | $287K | $285K | $27K | — | View 990 |
| 2013 | $292K | $295K | $287K | $27K | — | View 990 |
| 2012 | $280K | $288K | $289K | $27K | — | View 990 |
| 2011 | $264K | $277K | $298K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $388K, expenses of $372K, and assets of $188K (revenue +7.8% year-over-year).
- 2022: Revenue of $359K, expenses of $210K, and assets of $217K (revenue +864.5% year-over-year).
- 2021: Revenue of $37K, expenses of $81K, and assets of $39K (revenue +13.8% year-over-year).
- 2020: Revenue of $33K, expenses of $133K, and assets of $83K (revenue -89.7% year-over-year).
- 2019: Revenue of $318K, expenses of $288K, and assets of $183K (revenue +-0.0% year-over-year).
- 2018: Revenue of $318K, expenses of $337K, and assets of $152K (revenue +9.6% year-over-year).
- 2017: Revenue of $290K, expenses of $290K, and assets of $171K (revenue +6.6% year-over-year).
- 2016: Revenue of $272K, expenses of $304K, and assets of $171K (revenue -2.4% year-over-year).
- 2015: Revenue of $279K, expenses of $356K, and assets of $208K (revenue -2.3% year-over-year).
- 2014: Revenue of $285K, expenses of $287K, and assets of $285K (revenue -2.2% year-over-year).
- 2013: Revenue of $292K, expenses of $295K, and assets of $287K (revenue +4.4% year-over-year).
- 2012: Revenue of $280K, expenses of $288K, and assets of $289K (revenue +6.0% year-over-year).
- 2011: Revenue of $264K, expenses of $277K, and assets of $298K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Capital Lakefair Inc:
Data Sources and Methodology
This transparency report for Capital Lakefair Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.