Lake Bomoseen Assn Inc
EIN: 30218183 · Castleton, VT · NTEE: C32
| Metric | Value |
|---|---|
| Total Expenses | $53K |
| Net Assets | $114K |
Is Lake Bomoseen Assn Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Bomoseen Assn Inc
Lake Bomoseen Assn Inc (EIN: 30218183) is a nonprofit organization based in Castleton, VT, classified under NTEE code C32. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Bomoseen Assn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Bomoseen Assn Inc is a micro nonprofit that has been operating for 4 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $53K |
| Surplus / Deficit | $-14,224 |
| Total Assets | $114K |
| Net Assets | $114K |
| Operating Margin | -36.5% |
| Months of Reserves | 25.8 months |
Financial Health Grade: B
In 2023, Lake Bomoseen Assn Inc reported a deficit of $14K with expenses exceeding revenue, holds 25.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2015–2023), Lake Bomoseen Assn Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.5% | -41.2% | -13.7% |
| 2022 | -16.2% | +8.7% | -27.3% |
| 2021 | +1.5% | +56.2% | -15.9% |
| 2020 | -25.0% | -18.9% | -2.4% |
| 2019 | -54.2% | +11.3% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Bomoseen Assn 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 Lake Bomoseen Assn 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 deficit of $14K, with expenses exceeding revenue.
Frequently Asked Questions about Lake Bomoseen Assn Inc
Is Lake Bomoseen Assn Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Bomoseen Assn Inc (EIN: 30218183) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Bomoseen Assn Inc spend its money?
Detailed spending breakdown data is not yet available for Lake Bomoseen Assn Inc. Check back for updated IRS 990 analysis.
Are donations to Lake Bomoseen Assn Inc tax-deductible?
Lake Bomoseen Assn Inc is registered as a tax-exempt nonprofit (EIN: 30218183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Bomoseen Assn Inc located?
Lake Bomoseen Assn Inc is headquartered in Castleton, Vermont and files with the IRS under EIN 30218183. It is classified under NTEE code C32.
How many years of IRS 990 filings does Lake Bomoseen Assn Inc have?
Lake Bomoseen Assn Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Lake Bomoseen Assn Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Lake Bomoseen Assn Inc's revenue has declined by 42.2%, moving from $67K to $39K. Total assets decreased by 14.6% over the same period, from $134K to $114K. Total functional expenses rose by 1186.4%, from $4K to $53K. In its most recent filing year (2023), Lake Bomoseen Assn Inc reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $53K | $114K | $0 | — | — |
| 2022 | $41K | $90K | $132K | $0 | — | — |
| 2021 | $49K | $83K | $182K | $0 | — | View 990 |
| 2020 | $48K | $53K | $216K | $0 | — | View 990 |
| 2019 | $64K | $66K | $222K | $0 | — | View 990 |
| 2018 | $140K | $59K | $223K | $0 | — | View 990 |
| 2015 | $67K | $4K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $53K, and assets of $114K (revenue -4.5% year-over-year).
- 2022: Revenue of $41K, expenses of $90K, and assets of $132K (revenue -16.2% year-over-year).
- 2021: Revenue of $49K, expenses of $83K, and assets of $182K (revenue +1.5% year-over-year).
- 2020: Revenue of $48K, expenses of $53K, and assets of $216K (revenue -25.0% year-over-year).
- 2019: Revenue of $64K, expenses of $66K, and assets of $222K (revenue -54.2% year-over-year).
- 2018: Revenue of $140K, expenses of $59K, and assets of $223K (revenue +107.3% year-over-year).
- 2015: Revenue of $67K, expenses of $4K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Bomoseen Assn Inc:
Data Sources and Methodology
This transparency report for Lake Bomoseen Assn 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.