Indian Lake Development Corporation
EIN: 341609783 · Russells Pt, OH · NTEE: N32
| Metric | Value |
|---|---|
| Total Revenue | $408K |
| Total Expenses | $97K |
| Net Assets | $180K |
Is Indian Lake Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Indian Lake Development Corporation
Indian Lake Development Corporation (EIN: 341609783) is a nonprofit organization based in Russells Pt, OH, classified under NTEE code N32. The organization reported total revenue of $408K and total assets of $126K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indian Lake Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indian Lake Development Corporation is a small nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $97K |
| Surplus / Deficit | +$11K |
| Total Assets | $180K |
| Net Assets | $180K |
| Operating Margin | 10.1% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, Indian Lake Development Corporation reported a surplus of $11K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Indian Lake Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.6% | -4.6% | +6.4% |
| 2022 | -20.8% | -40.2% | +16.9% |
| 2021 | +97.4% | +507.1% | -6.9% |
| 2020 | +3.2% | -1.4% | +50.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Indian Lake Development Corporation 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 Indian Lake Development Corporation 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 $11K, with revenue exceeding expenses.
Frequently Asked Questions about Indian Lake Development Corporation
Is Indian Lake Development Corporation a legitimate charity?
Indian Lake Development Corporation (EIN: 341609783) is a registered tax-exempt nonprofit based in Ohio. It has 5 years of IRS 990 filings on record. Total revenue: $408K. No red flags identified. Financial health grade: A.
How does Indian Lake Development Corporation spend its money?
Indian Lake Development Corporation reported $408K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Indian Lake Development Corporation tax-deductible?
Indian Lake Development Corporation is registered as a tax-exempt nonprofit (EIN: 341609783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Indian Lake Development Corporation located?
Indian Lake Development Corporation is headquartered in Russells Pt, Ohio and files with the IRS under EIN 341609783. It is classified under NTEE code N32.
How many years of IRS 990 filings does Indian Lake Development Corporation have?
Indian Lake Development Corporation has 5 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 $408K in total revenue.
Filing History
IRS 990 filing history for Indian Lake Development Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Indian Lake Development Corporation's revenue has grown by 37.8%, moving from $78K to $107K. Total assets increased by 74.5% over the same period, from $103K to $180K. Total functional expenses rose by 241%, from $28K to $97K. In its most recent filing year (2023), Indian Lake Development Corporation reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107K | $97K | $180K | $0 | — | — |
| 2022 | $126K | $101K | $170K | $0 | — | View 990 |
| 2021 | $159K | $169K | $145K | $0 | — | View 990 |
| 2020 | $80K | $28K | $156K | $0 | — | — |
| 2019 | $78K | $28K | $103K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $97K, and assets of $180K (revenue -14.6% year-over-year).
- 2022: Revenue of $126K, expenses of $101K, and assets of $170K (revenue -20.8% year-over-year).
- 2021: Revenue of $159K, expenses of $169K, and assets of $145K (revenue +97.4% year-over-year).
- 2020: Revenue of $80K, expenses of $28K, and assets of $156K (revenue +3.2% year-over-year).
- 2019: Revenue of $78K, expenses of $28K, and assets of $103K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indian Lake Development Corporation:
Data Sources and Methodology
This transparency report for Indian Lake Development Corporation 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.