Lake Superior Youth Chorus Inc
Lake Superior Youth Chorus shows strong revenue growth and no officer compensation, despite recent operating deficit.
EIN: 203372257 · Duluth, MN · NTEE: A6B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $279K |
| Total Expenses | $276K |
| Program Spending | 85% |
| Net Assets | $-1,366 |
| Transparency Score | 88/100 |
Is Lake Superior Youth Chorus Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Superior Youth Chorus Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Superior Youth Chorus Inc
Lake Superior Youth Chorus Inc (EIN: 203372257) is a nonprofit organization based in Duluth, MN, classified under NTEE code A6B. The organization reported total revenue of $279K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Superior Youth Chorus Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Superior Youth Chorus Inc is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $276K |
| Surplus / Deficit | $-24,868 |
| Total Assets | $19K |
| Total Liabilities | $20K |
| Net Assets | $-1,366 |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 107.1% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2023, Lake Superior Youth Chorus Inc reported a deficit of $25K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 107.1% (high leverage).
Financial Trends
Over 9 years of filings (2011–2023), Lake Superior Youth Chorus Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +28.3% | -72.4% |
| 2022 | +90.8% | +77.6% | +68.8% |
| 2021 | -37.8% | -30.1% | +369.8% |
| 2020 | +24.3% | -9.4% | +51.9% |
| 2019 | +2.9% | +24.0% | -63.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Superior Youth Chorus Inc with a Mission Score of 88 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 Superior Youth Chorus 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 deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for directing funds towards its mission.
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 Superior Youth Chorus Inc's IRS 990 filings:
- Operating deficit in the latest reported period (202306), with expenses ($276,181) exceeding revenue ($251,313).
Strengths
The following positive indicators were identified for Lake Superior Youth Chorus Inc:
- Consistent 0% officer compensation across all filings, indicating efficient use of funds.
- Significant revenue growth, nearly doubling from $123,413 in 202106 to $251,313 in 202306.
- Strong asset growth from $19,120 in 202306 to $83,990 currently, enhancing financial stability.
- Excellent transparency with 9 years of publicly available IRS 990 filings.
Frequently Asked Questions about Lake Superior Youth Chorus Inc
Is Lake Superior Youth Chorus Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Superior Youth Chorus Inc (EIN: 203372257) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Lake Superior Youth Chorus Inc spend its money?
Lake Superior Youth Chorus Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Superior Youth Chorus Inc tax-deductible?
Lake Superior Youth Chorus Inc is registered as a tax-exempt nonprofit (EIN: 203372257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake Superior Youth Chorus Inc's spending goes to programs?
Lake Superior Youth Chorus Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake Superior Youth Chorus Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Lake Superior Youth Chorus Inc is above average for NTEE category A6B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Superior Youth Chorus Inc located?
Lake Superior Youth Chorus Inc is headquartered in Duluth, Minnesota and files with the IRS under EIN 203372257. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Lake Superior Youth Chorus Inc have?
Lake Superior Youth Chorus Inc has 9 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 $279K in total revenue.
Is Lake Superior Youth Chorus Inc. financially stable?
Yes, the organization shows good financial stability. While the 202306 period had expenses ($276,181) exceeding revenue ($251,313), its assets have grown significantly from $19,120 in 202306 to $83,990 currently, and revenue has nearly doubled since 202106, indicating a strong upward trend.
How does Lake Superior Youth Chorus Inc. manage executive compensation?
Lake Superior Youth Chorus Inc. reports 0% officer compensation across all nine available IRS 990 filings, suggesting a highly efficient model where leadership is not compensated as officers, allowing more resources for programs.
Has the organization's revenue been growing?
Yes, the organization has experienced significant revenue growth. Revenue increased from $123,413 in 202106 to $251,313 in 202306, demonstrating a strong upward trajectory in its financial capacity.
Filing History
IRS 990 filing history for Lake Superior Youth Chorus Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Lake Superior Youth Chorus Inc's revenue has grown by 436.9%, moving from $47K to $251K. Total assets increased by 197.4% over the same period, from $6K to $19K. Total functional expenses rose by 560.8%, from $42K to $276K. In its most recent filing year (2023), Lake Superior Youth Chorus Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $20K in liabilities against $19K in assets (debt-to-asset ratio: 107.1%), resulting in net assets of $-1,366.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $251K | $276K | $19K | $20K | — | — |
| 2022 | $235K | $215K | $69K | $46K | — | View 990 |
| 2021 | $123K | $121K | $41K | $34K | — | — |
| 2020 | $198K | $174K | $9K | $4K | — | View 990 |
| 2019 | $160K | $192K | $6K | $25K | — | View 990 |
| 2018 | $155K | $154K | $16K | $3K | — | View 990 |
| 2017 | $108K | $117K | $12K | $0 | — | View 990 |
| 2016 | $109K | $102K | $21K | $0 | — | View 990 |
| 2011 | $47K | $42K | $6K | $419 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $251K, expenses of $276K, and assets of $19K (revenue +6.7% year-over-year).
- 2022: Revenue of $235K, expenses of $215K, and assets of $69K (revenue +90.8% year-over-year).
- 2021: Revenue of $123K, expenses of $121K, and assets of $41K (revenue -37.8% year-over-year).
- 2020: Revenue of $198K, expenses of $174K, and assets of $9K (revenue +24.3% year-over-year).
- 2019: Revenue of $160K, expenses of $192K, and assets of $6K (revenue +2.9% year-over-year).
- 2018: Revenue of $155K, expenses of $154K, and assets of $16K (revenue +43.8% year-over-year).
- 2017: Revenue of $108K, expenses of $117K, and assets of $12K (revenue -1.3% year-over-year).
- 2016: Revenue of $109K, expenses of $102K, and assets of $21K (revenue +133.5% year-over-year).
- 2011: Revenue of $47K, expenses of $42K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Superior Youth Chorus Inc:
Data Sources and Methodology
This transparency report for Lake Superior Youth Chorus 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.