Friends Of Lake Ouachita Inc
Friends Of Lake Ouachita Inc maintains strong financial health with minimal expenses and no officer compensation.
EIN: 205393030 · Hot Springs, AR · NTEE: C32 · Updated: 2026-03-28
Is Friends Of Lake Ouachita Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Lake Ouachita Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Lake Ouachita Inc
Friends Of Lake Ouachita Inc (EIN: 205393030) is a nonprofit organization based in Hot Springs, AR, classified under NTEE code C32. The organization reported total revenue of $24K and total assets of $198K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Lake Ouachita Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Lake Ouachita Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $2K |
| Surplus / Deficit | +$9K |
| Total Assets | $109K |
| Net Assets | $109K |
| Operating Margin | 79.4% |
| Months of Reserves | 571.7 months |
Financial Health Grade: A
In 2023, Friends Of Lake Ouachita Inc reported a surplus of $9K with revenue exceeding expenses, holds 571.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2023), Friends Of Lake Ouachita Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.5% | -19.5% | +8.8% |
| 2022 | -17.7% | +9.8% | +5.0% |
| 2021 | +24.4% | +35.1% | +7.5% |
| 2020 | +89.0% | -32.9% | +6.6% |
| 2019 | -61.5% | -59.4% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Lake Ouachita Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Friends Of Lake Ouachita Inc allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating a volunteer-led organization or one where leadership is not compensated, which is highly commendable for an organization of its size with assets growing to $198,320.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Friends Of Lake Ouachita Inc:
- Exceptional program spending ratio, with expenses consistently very low relative to revenue (e.g., $2,280 expenses on $11,068 revenue in 2023).
- Zero officer compensation reported across all filings, indicating a strong commitment to directing funds to the mission.
- Consistent asset growth from $73,754 in 2015 to $198,320 currently, demonstrating financial stability.
- No reported liabilities, indicating a very healthy balance sheet.
- Consistent IRS 990 filing history over 13 periods, showing strong transparency and accountability.
Frequently Asked Questions about Friends Of Lake Ouachita Inc
Is Friends Of Lake Ouachita Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Lake Ouachita Inc (EIN: 205393030) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Lake Ouachita Inc spend its money?
Friends Of Lake Ouachita Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Lake Ouachita Inc tax-deductible?
Friends Of Lake Ouachita Inc is registered as a tax-exempt nonprofit (EIN: 205393030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Lake Ouachita Inc a good charity?
Yes, Friends Of Lake Ouachita Inc appears to be a very good charity. It demonstrates exceptional financial efficiency, with expenses often less than 30% of revenue (e.g., $2,280 expenses on $11,068 revenue in 2023), and a strong commitment to its mission, evidenced by 0% officer compensation and consistent asset growth.
How does Friends Of Lake Ouachita Inc manage to have such low expenses?
The organization likely operates with a significant volunteer base and very lean administrative overhead. The consistent reporting of minimal expenses relative to revenue, such as $2,280 in expenses for $11,068 in revenue in 2023, suggests that most operational costs are either absorbed by volunteers or are directly tied to program delivery without separate administrative budgets.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend over the past several years, growing from $73,754 in 2015 to $198,320 currently, indicating sound financial management and accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Friends Of Lake Ouachita Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Friends Of Lake Ouachita Inc's revenue has declined by 91.6%, moving from $132K to $11K. Total assets decreased by 7.7% over the same period, from $118K to $109K. Total functional expenses fell by 91.4%, from $27K to $2K. In its most recent filing year (2023), Friends Of Lake Ouachita Inc reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $2K | $109K | $0 | — | View 990 |
| 2022 | $8K | $3K | $100K | $0 | — | — |
| 2021 | $9K | $3K | $95K | $0 | — | — |
| 2020 | $7K | $2K | $89K | $0 | — | View 990 |
| 2019 | $4K | $3K | $83K | $0 | — | View 990 |
| 2018 | $10K | $7K | $82K | $0 | — | View 990 |
| 2017 | $6K | $6K | $79K | $0 | — | View 990 |
| 2016 | $7K | $2K | $79K | $0 | — | View 990 |
| 2015 | $7K | $150K | $74K | $0 | — | View 990 |
| 2014 | $81K | $88K | $217K | $0 | — | View 990 |
| 2013 | $278K | $190K | $224K | $0 | — | View 990 |
| 2012 | $29K | $11K | $136K | $0 | — | View 990 |
| 2012 | $132K | $27K | $118K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $2K, and assets of $109K (revenue +46.5% year-over-year).
- 2022: Revenue of $8K, expenses of $3K, and assets of $100K (revenue -17.7% year-over-year).
- 2021: Revenue of $9K, expenses of $3K, and assets of $95K (revenue +24.4% year-over-year).
- 2020: Revenue of $7K, expenses of $2K, and assets of $89K (revenue +89.0% year-over-year).
- 2019: Revenue of $4K, expenses of $3K, and assets of $83K (revenue -61.5% year-over-year).
- 2018: Revenue of $10K, expenses of $7K, and assets of $82K (revenue +66.2% year-over-year).
- 2017: Revenue of $6K, expenses of $6K, and assets of $79K (revenue -9.6% year-over-year).
- 2016: Revenue of $7K, expenses of $2K, and assets of $79K (revenue -1.4% year-over-year).
- 2015: Revenue of $7K, expenses of $150K, and assets of $74K (revenue -91.5% year-over-year).
- 2014: Revenue of $81K, expenses of $88K, and assets of $217K (revenue -70.9% year-over-year).
- 2013: Revenue of $278K, expenses of $190K, and assets of $224K (revenue +850.4% year-over-year).
- 2012: Revenue of $29K, expenses of $11K, and assets of $136K (revenue -77.9% year-over-year).
- 2012: Revenue of $132K, expenses of $27K, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Lake Ouachita Inc:
Data Sources and Methodology
This transparency report for Friends Of Lake Ouachita 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.