Lake Road Foundation
Lake Road Foundation shows extreme revenue volatility but maintains substantial assets and reports zero officer compensation.
EIN: 133745065 · Melville, NY · Updated: 2026-03-28
Is Lake Road Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Road Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lake Road Foundation
Lake Road Foundation (EIN: 133745065) is a nonprofit organization based in Melville, NY. The organization reported total revenue of $4.7M and total assets of $25.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Road Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Road Foundation is a mid-size nonprofit that has been operating for 32 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 148.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $565K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-1,254,875 |
| Total Assets | $26.9M |
| Total Liabilities | $1 |
| Net Assets | $26.9M |
| Operating Margin | -222.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.4 months |
Financial Health Grade: B
In 2023, Lake Road Foundation reported a deficit of $1.3M with expenses exceeding revenue, holds 177.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Lake Road Foundation's revenue has grown at a compound annual growth rate (CAGR) of 148.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.7% | -43.5% | -4.4% |
| 2022 | +5035.2% | +65.8% | +100.2% |
| 2021 | -86.9% | +48.1% | -10.2% |
| 2020 | +7.1% | -13.0% | -2.4% |
| 2016 | +664.9% | +59.0% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Road Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lake Road Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a volunteer leadership or that compensation is covered by an external entity, which is highly favorable for donor perception and financial efficiency.
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 Road Foundation's IRS 990 filings:
- Extreme revenue volatility makes long-term financial planning and consistent program delivery challenging.
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns or prior surpluses.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits efficiency assessment.
Strengths
The following positive indicators were identified for Lake Road Foundation:
- Consistently reports zero officer compensation, indicating high transparency and potentially low overhead for leadership.
- Maintains a substantial and growing asset base ($25.2 million latest, $26.9 million in 2023), providing financial stability.
- Minimal liabilities ($0 or $1 across all filings) indicates a very healthy balance sheet and low financial risk.
Frequently Asked Questions about Lake Road Foundation
Is Lake Road Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Road Foundation (EIN: 133745065) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Lake Road Foundation spend its money?
Lake Road Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Road Foundation tax-deductible?
Lake Road Foundation is registered as a tax-exempt nonprofit (EIN: 133745065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What causes the extreme year-over-year revenue fluctuations, such as $17.3 million in 2022 versus $565k in 2023?
The provided data does not specify the nature of these revenue sources, but such large swings often indicate reliance on large, infrequent grants, investment gains, or significant one-time donations rather than consistent operational income.
How does Lake Road Foundation sustain operations in years where expenses significantly exceed revenue, like 2023 ($1.8M expenses vs. $565k revenue)?
The organization likely draws from its substantial asset base, which has grown from $17.8 million in 2012 to over $26.9 million in 2023, or utilizes accumulated surpluses from high-revenue years to cover deficits.
What is the specific NTEE code and primary mission of Lake Road Foundation?
The NTEE code is unknown from the provided data, which limits the ability to assess its programmatic focus and impact relative to its stated mission.
Filing History
IRS 990 filing history for Lake Road Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Lake Road Foundation's revenue has grown by 2261424%, moving from $25 to $565K. Total assets increased by 50.8% over the same period, from $17.8M to $26.9M. Total functional expenses rose by 319.4%, from $434K to $1.8M. In its most recent filing year (2023), Lake Road Foundation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $26.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $565K | $1.8M | $26.9M | $1 | — | View 990 |
| 2022 | $17.3M | $3.2M | $28.2M | $1 | — | View 990 |
| 2021 | $337K | $1.9M | $14.1M | $1 | — | — |
| 2020 | $2.6M | $1.3M | $15.7M | $0 | — | View 990 |
| 2016 | $2.4M | $1.5M | $16.1M | $0 | — | View 990 |
| 2015 | $314K | $948K | $15.2M | $0 | — | View 990 |
| 2014 | $3.0M | $1.1M | $15.8M | $0 | — | View 990 |
| 2013 | $3.2M | $1.0M | $16.9M | $0 | — | View 990 |
| 2012 | $25 | $434K | $17.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $565K, expenses of $1.8M, and assets of $26.9M (revenue -96.7% year-over-year).
- 2022: Revenue of $17.3M, expenses of $3.2M, and assets of $28.2M (revenue +5035.2% year-over-year).
- 2021: Revenue of $337K, expenses of $1.9M, and assets of $14.1M (revenue -86.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $1.3M, and assets of $15.7M (revenue +7.1% year-over-year).
- 2016: Revenue of $2.4M, expenses of $1.5M, and assets of $16.1M (revenue +664.9% year-over-year).
- 2015: Revenue of $314K, expenses of $948K, and assets of $15.2M (revenue -89.5% year-over-year).
- 2014: Revenue of $3.0M, expenses of $1.1M, and assets of $15.8M (revenue -6.0% year-over-year).
- 2013: Revenue of $3.2M, expenses of $1.0M, and assets of $16.9M (revenue +12768572.0% year-over-year).
- 2012: Revenue of $25, expenses of $434K, and assets of $17.8M.
Data Sources and Methodology
This transparency report for Lake Road Foundation 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.