Lake George Land Conservancy Inc
Lake George Land Conservancy: Strong Asset Growth, High Program Spending
EIN: 222902944 · Bolton Lndg, NY · NTEE: C34 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $32.9M |
| Transparency Score | 90/100 |
Is Lake George Land Conservancy Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake George Land Conservancy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake George Land Conservancy Inc
Lake George Land Conservancy Inc (EIN: 222902944) is a nonprofit organization based in Bolton Lndg, NY, classified under NTEE code C34. The organization reported total revenue of $4.3M and total assets of $36.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake George Land Conservancy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake George Land Conservancy Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$5.6M |
| Total Assets | $35.6M |
| Total Liabilities | $2.7M |
| Net Assets | $32.9M |
| Operating Margin | 83.0% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 374.2 months |
Financial Health Grade: A
In 2023, Lake George Land Conservancy Inc reported a surplus of $5.6M with revenue exceeding expenses, holds 374.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake George Land Conservancy Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.7% | +17.1% | +18.7% |
| 2022 | +28.6% | +5.1% | +16.4% |
| 2021 | +14.5% | +2.6% | +12.4% |
| 2020 | +18.1% | -2.0% | +5.3% |
| 2019 | -29.8% | +17.4% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Land Conservancy Inc with a Mission Score of 90 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 Land Conservancy 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 $5.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.5%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and asset base, with no red flags identified in the provided data.
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.
Strengths
The following positive indicators were identified for Lake George Land Conservancy Inc:
- Significant asset growth from $17.5M in 2016 to $36.5M in 2023 demonstrates strong financial health and donor confidence.
- Consistently high program spending (implied by low administrative and fundraising percentages) indicates efficient use of funds towards its mission.
- Revenue has shown substantial increases, particularly from $3.3M in 2022 to $6.7M in 2023, suggesting successful fundraising efforts.
- Low liabilities relative to assets indicate a strong balance sheet and financial stability.
Frequently Asked Questions about Lake George Land Conservancy Inc
Is Lake George Land Conservancy Inc a legitimate charity?
Lake George Land Conservancy Inc (EIN: 222902944) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Lake George Land Conservancy Inc spend its money?
Lake George Land Conservancy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake George Land Conservancy Inc tax-deductible?
Lake George Land Conservancy Inc is registered as a tax-exempt nonprofit (EIN: 222902944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake George Land Conservancy Inc's spending goes to programs?
Lake George Land Conservancy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake George Land Conservancy Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lake George Land Conservancy Inc is above average for NTEE category C34 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake George Land Conservancy Inc located?
Lake George Land Conservancy Inc is headquartered in Bolton Lndg, New York and files with the IRS under EIN 222902944. It is classified under NTEE code C34.
How many years of IRS 990 filings does Lake George Land Conservancy Inc have?
Lake George Land Conservancy 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 $4.3M in total revenue.
What does Lake George Land Conservancy Inc do?
Lake George Land Conservancy Inc is a nonprofit organization in the Environment sector, located in Bolton Lndg, New York. It is classified under NTEE code C34.
How much revenue does Lake George Land Conservancy Inc have?
Lake George Land Conservancy Inc reported total revenue of $4,295,534. Based on 13 IRS 990 filings on record.
What are Lake George Land Conservancy Inc's total assets?
Lake George Land Conservancy Inc holds total assets of $36,595,449 as reported in IRS 990 filings.
Where is Lake George Land Conservancy Inc located?
Lake George Land Conservancy Inc is based in Bolton Lndg, New York.
What is Lake George Land Conservancy Inc's EIN?
Lake George Land Conservancy Inc's Employer Identification Number (EIN) is 222902944. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lake George Land Conservancy Inc?
Lake George Land Conservancy Inc is classified under NTEE code C34 (Environment).
Is Lake George Land Conservancy Inc a registered 501(c)(3)?
Yes, Lake George Land Conservancy Inc is recognized as a tax-exempt organization by the IRS. EIN: 222902944.
Does Lake George Land Conservancy Inc file IRS Form 990?
Yes, Lake George Land Conservancy Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Lake George Land Conservancy Inc's revenue in 2023?
In the 202306 filing period, Lake George Land Conservancy Inc reported total revenue of $6,715,601, total expenses of $1,141,697, and net assets of $35,597,900.
Is Lake George Land Conservancy Inc's revenue growing or declining?
Lake George Land Conservancy Inc's revenue is growing. Revenue went from $3,330,025 (202206) to $6,715,601 (202306), a +101.7% change. Based on 13 filings on record.
What is Lake George Land Conservancy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lake George Land Conservancy Inc covers tax period 202306. It shows revenue of $6,715,601, expenses of $1,141,697, total assets of $35,597,900, and liabilities of $2,687,195.
How much does Lake George Land Conservancy Inc spend on programs vs administration?
Based on IRS 990 analysis, Lake George Land Conservancy Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lake George Land Conservancy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lake George Land Conservancy Inc appears trustworthy. Mission Score: 90/100 (Excellent). No red flags identified. 4 strengths noted.
What are Lake George Land Conservancy Inc's strengths?
Positive indicators for Lake George Land Conservancy Inc include: Significant asset growth from $17.5M in 2016 to $36.5M in 2023 demonstrates strong financial health and donor confidence.. Consistently high program spending (implied by low administrative and fundraising percentages) indicates efficient use of funds towards its mission.. Revenue has shown substantial increases, particularly from $3.3M in 2022 to $6.7M in 2023, suggesting successful fundraising efforts.. Low liabilities relative to assets indicate a strong balance sheet and financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Lake George Land Conservancy Inc compensate executives?
Executive compensation appears reasonable given the organization's size and asset base, with no red flags identified in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Lake George Land Conservancy managed to achieve such consistent and significant asset growth over the past decade?
The consistent asset growth, from $17.5M in 2016 to $36.5M in 2023, suggests successful land acquisition strategies, effective endowment management, and strong donor cultivation, leading to increased contributions and investment gains.
What specific factors contributed to the substantial revenue increase from $3.3 million in 2022 to $6.7 million in 2023?
The significant jump in revenue from $3,330,025 in 2022 to $6,715,601 in 2023 likely indicates a major capital campaign, a large one-time donation, or a highly successful fundraising year, possibly tied to a specific land acquisition project or endowment drive.
Filing History
IRS 990 filing history for Lake George Land Conservancy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake George Land Conservancy Inc's revenue has grown by 408.8%, moving from $1.3M to $6.7M. Total assets increased by 114.2% over the same period, from $16.6M to $35.6M. Total functional expenses rose by 170.7%, from $422K to $1.1M. In its most recent filing year (2023), Lake George Land Conservancy Inc reported a surplus of $5.6M, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $35.6M in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $32.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $1.1M | $35.6M | $2.7M | — | View 990 |
| 2022 | $3.3M | $975K | $30.0M | $3.1M | — | View 990 |
| 2021 | $2.6M | $927K | $25.8M | $152K | — | — |
| 2020 | $2.3M | $904K | $22.9M | $67K | — | View 990 |
| 2019 | $1.9M | $923K | $21.8M | $194K | — | View 990 |
| 2018 | $2.7M | $786K | $21.0M | $521K | — | View 990 |
| 2017 | $1.7M | $722K | $19.0M | $697K | — | View 990 |
| 2016 | $2.1M | $654K | $17.6M | $538K | — | View 990 |
| 2015 | $2.0M | $630K | $15.9M | $232K | — | View 990 |
| 2014 | $1.3M | $572K | $16.4M | $2.0M | — | View 990 |
| 2013 | $1.5M | $519K | $16.0M | $2.3M | — | View 990 |
| 2012 | $883K | $430K | $17.3M | $4.7M | — | View 990 |
| 2011 | $1.3M | $422K | $16.6M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $1.1M, and assets of $35.6M (revenue +101.7% year-over-year).
- 2022: Revenue of $3.3M, expenses of $975K, and assets of $30.0M (revenue +28.6% year-over-year).
- 2021: Revenue of $2.6M, expenses of $927K, and assets of $25.8M (revenue +14.5% year-over-year).
- 2020: Revenue of $2.3M, expenses of $904K, and assets of $22.9M (revenue +18.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $923K, and assets of $21.8M (revenue -29.8% year-over-year).
- 2018: Revenue of $2.7M, expenses of $786K, and assets of $21.0M (revenue +64.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $722K, and assets of $19.0M (revenue -19.6% year-over-year).
- 2016: Revenue of $2.1M, expenses of $654K, and assets of $17.6M (revenue +5.3% year-over-year).
- 2015: Revenue of $2.0M, expenses of $630K, and assets of $15.9M (revenue +55.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $572K, and assets of $16.4M (revenue -18.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $519K, and assets of $16.0M (revenue +74.8% year-over-year).
- 2012: Revenue of $883K, expenses of $430K, and assets of $17.3M (revenue -33.1% year-over-year).
- 2011: Revenue of $1.3M, expenses of $422K, and assets of $16.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake George Land Conservancy Inc:
Data Sources and Methodology
This transparency report for Lake George Land Conservancy 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.