Lake Economic Area Development Corporation
EIN: 881275204 · Leesburg, FL · NTEE: S41
Is Lake Economic Area 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 Lake Economic Area Development Corporation
Lake Economic Area Development Corporation (EIN: 881275204) is a nonprofit organization based in Leesburg, FL, classified under NTEE code S41. The organization reported total revenue of $715K and total assets of $450K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Economic Area Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Lake Economic Area 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 Lake Economic Area 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.
Frequently Asked Questions about Lake Economic Area Development Corporation
Is Lake Economic Area Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Economic Area Development Corporation (EIN: 881275204) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Economic Area Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Lake Economic Area Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Lake Economic Area Development Corporation tax-deductible?
Lake Economic Area Development Corporation is registered as a tax-exempt nonprofit (EIN: 881275204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lake Economic Area Development Corporation showing financial trends over 1 year of public records:
In its most recent filing year (2023), Lake Economic Area Development Corporation reported a surplus of $53K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $642K | $588K | $314K | $0 | — | — |
Data Sources and Methodology
This transparency report for Lake Economic Area 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.