Lake Nelson Memorial Park Inc

Lake Nelson Memorial Park Inc. shows strong revenue growth and asset accumulation in 2023 after a deficit in 2022.

EIN: 221054151 · Marlboro, NJ · Updated: 2026-03-28

$479KRevenue
$1.3MAssets
85/100Mission Score (Excellent)

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Lake Nelson Memorial Park Inc Financial Summary
MetricValue
Total Revenue$479K
Total Expenses$431K
Program Spending85%
CEO/Top Officer Pay$239,557
Net Assets$896K
Transparency Score85/100

Search Intent Cockpit

Lake Nelson Memorial Park Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lake Nelson Memorial Park 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 Nelson Memorial Park Inc in one place.

Form 990 Filing Summary

2 filing years are available, with latest revenue of $628K and expenses of $431K.

Revenue and Expenses

Lake Nelson Memorial Park Inc reported $628K in revenue and $431K in expenses, a surplus of $197K.

Executive Compensation

Top officer compensation appears as $239,557 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.

Is Lake Nelson Memorial Park Inc Legit?

Some Concerns

LimitedFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

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

PendingDonor/Grant Funding
85%Program Expense
$0Grants Paid
2Stored Filing Years

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

Lake Nelson Memorial Park Inc Expense Deployment
Program services$367K (85%)

Across stored filings, Lake Nelson Memorial Park Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsLimited filing record; 2 red flags identified
Mission spend85% to programsExcellent
Financial durabilityGrade A2 stored filing years
Peer contextCompare with Dance For The Cure IncNew Jersey and category context

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Lake Nelson Memorial Park Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lake Nelson Memorial Park Inc

Lake Nelson Memorial Park Inc (EIN: 221054151) is a nonprofit organization based in Marlboro, NJ. The organization reported total revenue of $479K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Nelson Memorial Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

3Years Operating
SmallSize Classification
2Years of Filings
StableRevenue Trajectory

Lake Nelson Memorial Park Inc is a small nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 162.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$628K
Total Expenses$431K
Surplus / Deficit+$197K
Total Assets$996K
Total Liabilities$100K
Net Assets$896K
Operating Margin31.3%
Debt-to-Asset Ratio10.0%
Months of Reserves27.7 months

Financial Health Grade: A

In 2023, Lake Nelson Memorial Park Inc reported a surplus of $197K with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.0% (very low leverage).

Financial Trends

Over 2 years of filings (2022–2023), Lake Nelson Memorial Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 162.1%.

YearRevenue ChangeExpense ChangeAsset Change
2023+162.1%+5.8%+51.8%

IRS Tax-Exempt Classification

IRS Classification Codes2000
IRS Ruling Date2023

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Lake Nelson Memorial Park Inc. demonstrates a fluctuating financial picture over the past two years. In 2023, the organization reported strong revenue growth to $627,982, significantly exceeding its expenses of $431,267, leading to a substantial increase in net assets. This positive trend is a good indicator of financial health. However, the prior year (2022) saw expenses of $407,809 outstrip revenue of $239,557, suggesting a period of deficit spending. The organization's assets have grown consistently, reaching $995,618 in 2023, which provides a solid financial base. The consistent reporting of 0% officer compensation across both filings suggests good stewardship regarding executive pay and potentially a volunteer-led or minimally compensated leadership structure, which enhances transparency and efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lake Nelson Memorial Park 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 Nelson Memorial Park 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:

$628KTotal Revenue
$431KTotal Expenses
$996KTotal Assets
$100KTotal Liabilities
$896KNet Assets
  • The organization reported a surplus of $197K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 10.0%.

Executive Compensation Analysis

Executive compensation is reported as 0% for both 2022 and 2023, indicating that no officers received compensation, which is highly favorable for an organization of its size with revenues fluctuating between $239,557 and $627,982.

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 Nelson Memorial Park Inc's IRS 990 filings:

  • Significant revenue fluctuation between years (2022 revenue $239,557 vs. 2023 revenue $627,982)
  • Deficit spending in 2022 (expenses $407,809 exceeded revenue $239,557)

Strengths

The following positive indicators were identified for Lake Nelson Memorial Park Inc:

  • Strong revenue growth in 2023 ($627,982)
  • Positive net income in 2023 (revenue $627,982 vs. expenses $431,267)
  • Consistent asset growth ($656,082 in 2022 to $995,618 in 2023)
  • 0% officer compensation reported in both years, indicating high efficiency in executive pay

Frequently Asked Questions about Lake Nelson Memorial Park Inc

Is Lake Nelson Memorial Park Inc a legitimate charity?

Lake Nelson Memorial Park Inc (EIN: 221054151) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $479K. 2 red flags identified. 4 strengths noted. Financial health grade: A.

How does Lake Nelson Memorial Park Inc spend its money?

Lake Nelson Memorial Park Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Lake Nelson Memorial Park Inc tax-deductible?

Lake Nelson Memorial Park Inc is registered as a tax-exempt nonprofit (EIN: 221054151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Lake Nelson Memorial Park Inc CEO make?

Lake Nelson Memorial Park Inc's highest-compensated officer earns $239,557 annually. The organization reported $479K in total revenue. Executive compensation data is disclosed in IRS 990 filings.

What percentage of Lake Nelson Memorial Park Inc's spending goes to programs?

Lake Nelson Memorial Park Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

Where is Lake Nelson Memorial Park Inc located?

Lake Nelson Memorial Park Inc is headquartered in Marlboro, New Jersey and files with the IRS under EIN 221054151.

How many years of IRS 990 filings does Lake Nelson Memorial Park Inc have?

Lake Nelson Memorial Park Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $479K in total revenue.

Is Lake Nelson Memorial Park Inc. financially stable?

Based on the 2023 filing, the organization appears financially stable with revenue of $627,982 significantly exceeding expenses of $431,267, and growing assets of $995,618. However, the deficit in 2022 ($239,557 revenue vs. $407,809 expenses) suggests a need to monitor consistency.

How does Lake Nelson Memorial Park Inc. manage its administrative costs?

While specific administrative expense figures are not detailed in the provided summary, the 0% officer compensation suggests a very lean approach to executive overhead, which is a positive indicator for managing administrative costs efficiently.

Filing History

IRS 990 filing history for Lake Nelson Memorial Park Inc showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2022–2023), Lake Nelson Memorial Park Inc's revenue has grown by 162.1%, moving from $240K to $628K. Total assets increased by 51.8% over the same period, from $656K to $996K. Total functional expenses rose by 5.8%, from $408K to $431K. In its most recent filing year (2023), Lake Nelson Memorial Park Inc reported a surplus of $197K, with revenue exceeding expenses. The organization holds $100K in liabilities against $996K in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $896K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $628K $431K $996K $100K
2022 $240K $408K $656K $19K

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lake Nelson Memorial Park Inc:

2023 Filing 2022 Filing

Data Sources and Methodology

This transparency report for Lake Nelson Memorial Park 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.

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