Lake George Association Inc
Lake George Association Inc. shows strong asset growth and consistent surpluses, with no reported officer compensation.
EIN: 146000565 · Lake George, NY · NTEE: A82Z · Updated: 2026-03-28
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Identity resolved verified
Lake George Association Inc is mapped to EIN 146000565.
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13 stored filing years available.
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13 stored filing years available.
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85% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $3.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $19.8M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Lake George Association Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lake George Association Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lake George Association Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.8M and expenses of $3.6M.
Revenue and Expenses
Lake George Association Inc reported $3.8M in revenue and $3.6M in expenses, a surplus of $131K.
Executive Compensation
Top officer compensation appears as $3 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Lake George Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.1M (85%) |
Across stored filings, Lake George Association Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Arts & Culture context |
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Lake George Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake George Association Inc
Lake George Association Inc (EIN: 146000565) is a nonprofit organization based in Lake George, NY, classified under NTEE code A82Z. The organization reported total revenue of $5.2M and total assets of $22.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake George Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake George Association Inc is a mid-size nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$131K |
| Total Assets | $20.3M |
| Total Liabilities | $550K |
| Net Assets | $19.8M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 66.9 months |
Financial Health Grade: A
In 2023, Lake George Association Inc reported a surplus of $131K with revenue exceeding expenses, holds 66.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake George Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +9.7% | +13.5% |
| 2022 | -47.4% | +45.6% | -12.6% |
| 2021 | +371.0% | +84.2% | +208.2% |
| 2020 | -8.1% | -10.6% | +11.0% |
| 2019 | +0.1% | +32.1% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake George Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lake George Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $131K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size with over $3 million in annual expenses, suggesting either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which would require deeper scrutiny of their full IRS Form 990s for clarity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lake George Association Inc's IRS 990 filings:
- Unusually low or 0% reported officer compensation across all filings, which may obscure actual executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Lake George Association Inc:
- Significant asset growth from $4.5M in 2014 to over $20M in 2023, indicating strong financial management and fundraising.
- Consistent operational surpluses, with expenses generally lower than revenue (e.g., $3,648,389 expenses vs. $3,779,824 revenue in 2023).
- Low liabilities relative to assets, demonstrating a strong balance sheet and financial health.
- Strong program focus implied by the NTEE code A82Z (Water Quality, General) and the nature of the organization.
Frequently Asked Questions about Lake George Association Inc
Is Lake George Association Inc a legitimate charity?
Lake George Association Inc (EIN: 146000565) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lake George Association Inc spend its money?
Lake George Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake George Association Inc tax-deductible?
Lake George Association Inc is registered as a tax-exempt nonprofit (EIN: 146000565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake George Association Inc CEO make?
Lake George Association Inc's highest-compensated officer earns $3 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lake George Association Inc's spending goes to programs?
Lake George Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake George Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lake George Association Inc is above average for NTEE category A82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake George Association Inc located?
Lake George Association Inc is headquartered in Lake George, New York and files with the IRS under EIN 146000565. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Lake George Association Inc have?
Lake George Association Inc has 13 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 $5.2M in total revenue.
Is Lake George Association Inc. a good charity?
Based on the provided data, the Lake George Association Inc. appears to be a financially sound organization with strong asset growth and consistent surpluses. The lack of reported officer compensation is a unique characteristic that could be viewed positively for efficiency, but also warrants further investigation into how executive leadership is compensated or structured.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown significant fluctuation, with a peak of $6,877,319 in 2021, followed by $3,614,823 in 2022, and $3,779,824 in 2023. This indicates variability in funding, potentially due to large one-time grants or campaigns.
What is the organization's financial stability?
The organization demonstrates strong financial stability, with assets growing from $4,542,441 in 2014 to $20,331,008 in 2023. Liabilities remain low relative to assets, indicating a healthy balance sheet and strong reserves.
Filing History
IRS 990 filing history for Lake George Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake George Association Inc's revenue has grown by 95.1%, moving from $1.9M to $3.8M. Total assets increased by 421.5% over the same period, from $3.9M to $20.3M. Total functional expenses rose by 135.2%, from $1.6M to $3.6M. In its most recent filing year (2023), Lake George Association Inc reported a surplus of $131K, with revenue exceeding expenses. The organization holds $550K in liabilities against $20.3M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $19.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.6M | $20.3M | $550K | — | View 990 |
| 2022 | $3.6M | $3.3M | $17.9M | $152K | — | — |
| 2021 | $6.9M | $2.3M | $20.5M | $127K | — | View 990 |
| 2020 | $1.5M | $1.2M | $6.7M | $79K | — | — |
| 2019 | $1.6M | $1.4M | $6.0M | $50K | — | View 990 |
| 2018 | $1.6M | $1.1M | $5.3M | $72K | — | View 990 |
| 2017 | $1.1M | $1.1M | $5.2M | $49K | — | View 990 |
| 2016 | $1.3M | $1.1M | $4.8M | $52K | — | View 990 |
| 2015 | $1.3M | $985K | $4.6M | $200K | — | View 990 |
| 2014 | $1.2M | $884K | $4.5M | $176K | — | View 990 |
| 2013 | $1.5M | $989K | $4.3M | $201K | — | View 990 |
| 2012 | $1.5M | $1.5M | $3.8M | $265K | — | View 990 |
| 2011 | $1.9M | $1.6M | $3.9M | $370K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.6M, and assets of $20.3M (revenue +4.6% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.3M, and assets of $17.9M (revenue -47.4% year-over-year).
- 2021: Revenue of $6.9M, expenses of $2.3M, and assets of $20.5M (revenue +371.0% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.2M, and assets of $6.7M (revenue -8.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $6.0M (revenue +0.1% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.1M, and assets of $5.3M (revenue +40.3% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $5.2M (revenue -14.5% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.1M, and assets of $4.8M (revenue +2.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $985K, and assets of $4.6M (revenue +4.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $884K, and assets of $4.5M (revenue -15.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $989K, and assets of $4.3M (revenue -1.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $3.8M (revenue -24.0% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.6M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake George Association Inc:
Data Sources and Methodology
This transparency report for Lake George Association 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.