Lake Harriet Community Child Care
EIN: 411472507 · Edina, MN · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $713K |
| Total Expenses | $724K |
| Net Assets | $459K |
Is Lake Harriet Community Child Care Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Harriet Community Child Care
Lake Harriet Community Child Care (EIN: 411472507) is a nonprofit organization based in Edina, MN, classified under NTEE code P33. The organization reported total revenue of $713K and total assets of $490K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Harriet Community Child Care's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Harriet Community Child Care is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $747K |
| Total Expenses | $724K |
| Surplus / Deficit | +$23K |
| Total Assets | $617K |
| Total Liabilities | $158K |
| Net Assets | $459K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 25.7% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Lake Harriet Community Child Care reported a surplus of $23K with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 25.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lake Harriet Community Child Care's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.4% | +13.7% | +23.0% |
| 2022 | +25.4% | +11.7% | +102.8% |
| 2021 | +5.1% | -10.1% | +84.4% |
| 2020 | -2.8% | -10.0% | -14.3% |
| 2019 | +4.2% | +2.3% | -38.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Harriet Community Child Care 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 Harriet Community Child Care 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.7%.
Frequently Asked Questions about Lake Harriet Community Child Care
Is Lake Harriet Community Child Care a legitimate charity?
Lake Harriet Community Child Care (EIN: 411472507) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $713K. No red flags identified. Financial health grade: A.
How does Lake Harriet Community Child Care spend its money?
Lake Harriet Community Child Care reported $713K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lake Harriet Community Child Care tax-deductible?
Lake Harriet Community Child Care is registered as a tax-exempt nonprofit (EIN: 411472507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Harriet Community Child Care located?
Lake Harriet Community Child Care is headquartered in Edina, Minnesota and files with the IRS under EIN 411472507. It is classified under NTEE code P33.
How many years of IRS 990 filings does Lake Harriet Community Child Care have?
Lake Harriet Community Child Care has 12 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 $713K in total revenue.
Filing History
IRS 990 filing history for Lake Harriet Community Child Care showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lake Harriet Community Child Care's revenue has grown by 52.2%, moving from $490K to $747K. Total assets increased by 244.8% over the same period, from $179K to $617K. Total functional expenses rose by 43.2%, from $506K to $724K. In its most recent filing year (2023), Lake Harriet Community Child Care reported a surplus of $23K, with revenue exceeding expenses. The organization holds $158K in liabilities against $617K in assets (debt-to-asset ratio: 25.7%), resulting in net assets of $459K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $747K | $724K | $617K | $158K | — | — |
| 2022 | $872K | $636K | $501K | $66K | — | View 990 |
| 2021 | $695K | $570K | $247K | $0 | — | View 990 |
| 2020 | $661K | $634K | $134K | $12K | — | View 990 |
| 2019 | $681K | $705K | $156K | $62K | — | View 990 |
| 2018 | $653K | $689K | $255K | $137K | — | View 990 |
| 2017 | $670K | $677K | $239K | $86K | — | View 990 |
| 2016 | $694K | $689K | $237K | $76K | — | View 990 |
| 2015 | $708K | $677K | $202K | $46K | — | View 990 |
| 2014 | $762K | $661K | $185K | $58K | — | View 990 |
| 2013 | $566K | $534K | $197K | $34K | — | View 990 |
| 2012 | $490K | $506K | $179K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $747K, expenses of $724K, and assets of $617K (revenue -14.4% year-over-year).
- 2022: Revenue of $872K, expenses of $636K, and assets of $501K (revenue +25.4% year-over-year).
- 2021: Revenue of $695K, expenses of $570K, and assets of $247K (revenue +5.1% year-over-year).
- 2020: Revenue of $661K, expenses of $634K, and assets of $134K (revenue -2.8% year-over-year).
- 2019: Revenue of $681K, expenses of $705K, and assets of $156K (revenue +4.2% year-over-year).
- 2018: Revenue of $653K, expenses of $689K, and assets of $255K (revenue -2.5% year-over-year).
- 2017: Revenue of $670K, expenses of $677K, and assets of $239K (revenue -3.5% year-over-year).
- 2016: Revenue of $694K, expenses of $689K, and assets of $237K (revenue -2.0% year-over-year).
- 2015: Revenue of $708K, expenses of $677K, and assets of $202K (revenue -7.1% year-over-year).
- 2014: Revenue of $762K, expenses of $661K, and assets of $185K (revenue +34.5% year-over-year).
- 2013: Revenue of $566K, expenses of $534K, and assets of $197K (revenue +15.5% year-over-year).
- 2012: Revenue of $490K, expenses of $506K, and assets of $179K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Harriet Community Child Care:
Data Sources and Methodology
This transparency report for Lake Harriet Community Child Care 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.