Greater Lake City Community Foundation
EIN: 455337894 · Lake City, MN · NTEE: S32
| Metric | Value |
|---|---|
| Total Revenue | $288K |
| Total Expenses | $40K |
| Net Assets | $548K |
Is Greater Lake City Community Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Lake City Community Foundation
Greater Lake City Community Foundation (EIN: 455337894) is a nonprofit organization based in Lake City, MN, classified under NTEE code S32. The organization reported total revenue of $288K and total assets of $846K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Lake City Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Lake City Community Foundation is a small nonprofit that has been operating for 13 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 40.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $40K |
| Surplus / Deficit | +$99K |
| Total Assets | $548K |
| Net Assets | $548K |
| Operating Margin | 70.9% |
| Months of Reserves | 162.7 months |
Financial Health Grade: A
In 2023, Greater Lake City Community Foundation reported a surplus of $99K with revenue exceeding expenses, holds 162.7 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Greater Lake City Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 40.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.2% | +15.1% | +44.5% |
| 2022 | -34.5% | +65.4% | -8.5% |
| 2021 | +190.1% | +36.2% | +61.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Lake City Community Foundation 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 Greater Lake City Community Foundation 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 $99K, with revenue exceeding expenses.
Frequently Asked Questions about Greater Lake City Community Foundation
Is Greater Lake City Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Lake City Community Foundation (EIN: 455337894) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greater Lake City Community Foundation spend its money?
Detailed spending breakdown data is not yet available for Greater Lake City Community Foundation. Check back for updated IRS 990 analysis.
Are donations to Greater Lake City Community Foundation tax-deductible?
Greater Lake City Community Foundation is registered as a tax-exempt nonprofit (EIN: 455337894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Lake City Community Foundation located?
Greater Lake City Community Foundation is headquartered in Lake City, Minnesota and files with the IRS under EIN 455337894. It is classified under NTEE code S32.
How many years of IRS 990 filings does Greater Lake City Community Foundation have?
Greater Lake City Community Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $288K in total revenue.
Filing History
IRS 990 filing history for Greater Lake City Community Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Greater Lake City Community Foundation's revenue has grown by 177.8%, moving from $50K to $139K. Total assets increased by 113.2% over the same period, from $257K to $548K. Total functional expenses rose by 159.5%, from $16K to $40K. In its most recent filing year (2023), Greater Lake City Community Foundation reported a surplus of $99K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $40K | $548K | $0 | — | — |
| 2022 | $95K | $35K | $379K | $0 | — | View 990 |
| 2021 | $145K | $21K | $414K | $0 | — | — |
| 2020 | $50K | $16K | $257K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $40K, and assets of $548K (revenue +46.2% year-over-year).
- 2022: Revenue of $95K, expenses of $35K, and assets of $379K (revenue -34.5% year-over-year).
- 2021: Revenue of $145K, expenses of $21K, and assets of $414K (revenue +190.1% year-over-year).
- 2020: Revenue of $50K, expenses of $16K, and assets of $257K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Lake City Community Foundation:
Data Sources and Methodology
This transparency report for Greater Lake City Community Foundation 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.