Lake Fairlee Assn Inc
EIN: 36010700 · Fairlee, VT · NTEE: C30
Is Lake Fairlee 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 Fairlee Assn Inc
Lake Fairlee Assn Inc (EIN: 36010700) is a nonprofit organization based in Fairlee, VT, classified under NTEE code C30. The organization reported total revenue of $101K and total assets of $747K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Fairlee Assn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Fairlee Assn Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $67K |
| Surplus / Deficit | +$49K |
| Total Assets | $666K |
| Net Assets | $666K |
| Operating Margin | 42.3% |
| Months of Reserves | 119.8 months |
Financial Health Grade: A
In 2023, Lake Fairlee Assn Inc reported a surplus of $49K with revenue exceeding expenses, holds 119.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lake Fairlee Assn Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.5% | -18.4% | +8.1% |
| 2022 | -27.3% | +54.8% | -11.1% |
| 2021 | +8.9% | +2.1% | +13.8% |
| 2020 | +7.5% | +5.6% | +13.4% |
| 2019 | -19.8% | -64.7% | +21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Fairlee 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 Fairlee 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 surplus of $49K, with revenue exceeding expenses.
Frequently Asked Questions about Lake Fairlee Assn Inc
Is Lake Fairlee Assn Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Fairlee Assn Inc (EIN: 36010700) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Fairlee Assn Inc spend its money?
Detailed spending breakdown data is not yet available for Lake Fairlee Assn Inc. Check back for updated IRS 990 analysis.
Are donations to Lake Fairlee Assn Inc tax-deductible?
Lake Fairlee Assn Inc is registered as a tax-exempt nonprofit (EIN: 36010700). 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 Fairlee Assn Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Fairlee Assn Inc's revenue has grown by 48%, moving from $78K to $116K. Total assets increased by 1503.1% over the same period, from $42K to $666K. Total functional expenses rose by 9.9%, from $61K to $67K. In its most recent filing year (2023), Lake Fairlee Assn Inc reported a surplus of $49K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $67K | $666K | $0 | — | — |
| 2022 | $78K | $82K | $616K | $118 | — | — |
| 2021 | $108K | $53K | $693K | $0 | — | View 990 |
| 2020 | $99K | $52K | $609K | $0 | — | View 990 |
| 2019 | $92K | $49K | $537K | $0 | — | View 990 |
| 2018 | $115K | $139K | $441K | $0 | — | View 990 |
| 2017 | $100K | $55K | $174K | $0 | — | View 990 |
| 2016 | $77K | $41K | $129K | $0 | — | — |
| 2015 | $108K | $95K | $93K | $0 | — | View 990 |
| 2014 | $62K | $47K | $114K | $34K | — | View 990 |
| 2013 | $120K | $102K | $65K | $0 | — | View 990 |
| 2012 | $66K | $61K | $47K | $0 | — | View 990 |
| 2011 | $78K | $61K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $67K, and assets of $666K (revenue +47.5% year-over-year).
- 2022: Revenue of $78K, expenses of $82K, and assets of $616K (revenue -27.3% year-over-year).
- 2021: Revenue of $108K, expenses of $53K, and assets of $693K (revenue +8.9% year-over-year).
- 2020: Revenue of $99K, expenses of $52K, and assets of $609K (revenue +7.5% year-over-year).
- 2019: Revenue of $92K, expenses of $49K, and assets of $537K (revenue -19.8% year-over-year).
- 2018: Revenue of $115K, expenses of $139K, and assets of $441K (revenue +14.9% year-over-year).
- 2017: Revenue of $100K, expenses of $55K, and assets of $174K (revenue +29.5% year-over-year).
- 2016: Revenue of $77K, expenses of $41K, and assets of $129K (revenue -28.5% year-over-year).
- 2015: Revenue of $108K, expenses of $95K, and assets of $93K (revenue +75.3% year-over-year).
- 2014: Revenue of $62K, expenses of $47K, and assets of $114K (revenue -48.9% year-over-year).
- 2013: Revenue of $120K, expenses of $102K, and assets of $65K (revenue +82.4% year-over-year).
- 2012: Revenue of $66K, expenses of $61K, and assets of $47K (revenue -15.6% year-over-year).
- 2011: Revenue of $78K, expenses of $61K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Fairlee Assn Inc:
Data Sources and Methodology
This transparency report for Lake Fairlee 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.