Lake Pointe Operating Company Llc
EIN: 260194016 · Dallas, TX · NTEE: E22
| Metric | Value |
|---|---|
| Total Revenue | $442.6M |
| Total Expenses | $226.6M |
| Net Assets | $402.1M |
Is Lake Pointe Operating Company Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Pointe Operating Company Llc
Lake Pointe Operating Company Llc (EIN: 260194016) is a nonprofit organization based in Dallas, TX, classified under NTEE code E22. The organization reported total revenue of $442.6M and total assets of $532.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Pointe Operating Company Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Pointe Operating Company Llc is a major nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 74.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275.4M |
| Total Expenses | $226.6M |
| Surplus / Deficit | +$48.8M |
| Total Assets | $459.3M |
| Total Liabilities | $57.2M |
| Net Assets | $402.1M |
| Operating Margin | 17.7% |
| Debt-to-Asset Ratio | 12.4% |
| Months of Reserves | 24.3 months |
Financial Health Grade: A
In 2023, Lake Pointe Operating Company Llc reported a surplus of $48.8M with revenue exceeding expenses, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 12.4% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Lake Pointe Operating Company Llc's revenue has grown at a compound annual growth rate (CAGR) of 74.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +8.7% | +12.1% |
| 2022 | +16.9% | +23.4% | +4.9% |
| 2021 | +21.7% | +3.1% | +15.3% |
| 2020 | +510.6% | +447.8% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Pointe Operating Company Llc 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 Pointe Operating Company Llc 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 $48.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.4%.
Frequently Asked Questions about Lake Pointe Operating Company Llc
Is Lake Pointe Operating Company Llc a legitimate charity?
Lake Pointe Operating Company Llc (EIN: 260194016) is a registered tax-exempt nonprofit based in Texas. It has 5 years of IRS 990 filings on record. Total revenue: $442.6M. No red flags identified. Financial health grade: A.
How does Lake Pointe Operating Company Llc spend its money?
Lake Pointe Operating Company Llc reported $442.6M in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lake Pointe Operating Company Llc tax-deductible?
Lake Pointe Operating Company Llc is registered as a tax-exempt nonprofit (EIN: 260194016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Pointe Operating Company Llc located?
Lake Pointe Operating Company Llc is headquartered in Dallas, Texas and files with the IRS under EIN 260194016. It is classified under NTEE code E22.
How many years of IRS 990 filings does Lake Pointe Operating Company Llc have?
Lake Pointe Operating Company Llc has 5 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 $442.6M in total revenue.
Filing History
IRS 990 filing history for Lake Pointe Operating Company Llc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Lake Pointe Operating Company Llc's revenue has grown by 827.7%, moving from $29.7M to $275.4M. Total assets increased by 48.4% over the same period, from $309.6M to $459.3M. Total functional expenses rose by 657.6%, from $29.9M to $226.6M. In its most recent filing year (2023), Lake Pointe Operating Company Llc reported a surplus of $48.8M, with revenue exceeding expenses. The organization holds $57.2M in liabilities against $459.3M in assets (debt-to-asset ratio: 12.4%), resulting in net assets of $402.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275.4M | $226.6M | $459.3M | $57.2M | — | — |
| 2022 | $257.9M | $208.4M | $409.6M | $56.3M | — | View 990 |
| 2021 | $220.6M | $168.9M | $390.7M | $72.2M | — | View 990 |
| 2020 | $181.3M | $163.8M | $338.8M | $77.4M | — | View 990 |
| 2019 | $29.7M | $29.9M | $309.6M | $63.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275.4M, expenses of $226.6M, and assets of $459.3M (revenue +6.8% year-over-year).
- 2022: Revenue of $257.9M, expenses of $208.4M, and assets of $409.6M (revenue +16.9% year-over-year).
- 2021: Revenue of $220.6M, expenses of $168.9M, and assets of $390.7M (revenue +21.7% year-over-year).
- 2020: Revenue of $181.3M, expenses of $163.8M, and assets of $338.8M (revenue +510.6% year-over-year).
- 2019: Revenue of $29.7M, expenses of $29.9M, and assets of $309.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Pointe Operating Company Llc:
Data Sources and Methodology
This transparency report for Lake Pointe Operating Company Llc 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.