Lake Tahoe Classic Guitar Society
Lake Tahoe Classic Guitar Society consistently operates at a deficit with minimal revenue and assets.
EIN: 201754458 · Reno, NV · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $18K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2,593 |
| Net Assets | $2K |
| Transparency Score | 70/100 |
Is Lake Tahoe Classic Guitar Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Tahoe Classic Guitar Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Tahoe Classic Guitar Society
Lake Tahoe Classic Guitar Society (EIN: 201754458) is a nonprofit organization based in Reno, NV, classified under NTEE code A68. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Tahoe Classic Guitar Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Tahoe Classic Guitar Society is a micro nonprofit that has been operating for 20 years, with 3 years of IRS 990 filings on record (2010–2012). Revenue has grown at a compound annual rate of -60.5%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $18K |
| Surplus / Deficit | $-15,369 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -592.7% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2012, Lake Tahoe Classic Guitar Society reported a deficit of $15K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2010–2012), Lake Tahoe Classic Guitar Society's revenue has declined at a compound annual growth rate (CAGR) of -60.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | -87.2% | -23.6% | +226.1% |
| 2011 | +22.0% | +41.2% | -84.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Tahoe Classic Guitar Society with a Mission Score of 70 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Lake Tahoe Classic Guitar Society allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization is likely run entirely by volunteers, which is appropriate for its very small size and revenue levels (e.g., $2,593 in 2012).
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 Tahoe Classic Guitar Society's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in all reported years, e.g., $17,962 expenses vs. $2,593 revenue in 2012).
- Very low and fluctuating revenue, indicating potential instability in funding.
- Zero assets in the latest filing, suggesting no financial reserves.
Strengths
The following positive indicators were identified for Lake Tahoe Classic Guitar Society:
- 100% volunteer-run, with 0% officer compensation, indicating dedication and low overhead.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Low administrative burden due to volunteer structure.
Frequently Asked Questions about Lake Tahoe Classic Guitar Society
Is Lake Tahoe Classic Guitar Society a legitimate charity?
Lake Tahoe Classic Guitar Society (EIN: 201754458) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 70/100. It has 3 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Lake Tahoe Classic Guitar Society spend its money?
Lake Tahoe Classic Guitar Society directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lake Tahoe Classic Guitar Society tax-deductible?
Lake Tahoe Classic Guitar Society is registered as a tax-exempt nonprofit (EIN: 201754458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake Tahoe Classic Guitar Society CEO make?
Lake Tahoe Classic Guitar Society's highest-compensated officer earns $2,593 annually. Executive compensation data is disclosed in IRS 990 filings.
How does Lake Tahoe Classic Guitar Society compare to similar nonprofits?
With a transparency score of 70/100 (Good), Lake Tahoe Classic Guitar Society is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Tahoe Classic Guitar Society located?
Lake Tahoe Classic Guitar Society is headquartered in Reno, Nevada and files with the IRS under EIN 201754458. It is classified under NTEE code A68.
How many years of IRS 990 filings does Lake Tahoe Classic Guitar Society have?
Lake Tahoe Classic Guitar Society has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Lake Tahoe Classic Guitar Society a good charity?
Given its consistent operation at a deficit and very low revenue, it's a very small, likely volunteer-driven organization. Its 'goodness' depends on whether its mission is being achieved through volunteer efforts, as financial sustainability is a concern.
How does the organization fund its operations?
The organization consistently spends more than it earns (e.g., $17,962 expenses vs. $2,593 revenue in 2012), suggesting it either relies on accumulated past reserves, unrecorded in-kind donations, or operates with a consistent deficit, which is not sustainable long-term.
What is the trend in its financial health?
The organization's revenue has fluctuated significantly, from $16,607 in 2010 to $2,593 in 2012, while expenses have remained relatively stable. This indicates an inconsistent funding base and a persistent challenge in covering costs.
Filing History
IRS 990 filing history for Lake Tahoe Classic Guitar Society showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2010–2012), Lake Tahoe Classic Guitar Society's revenue has declined by 84.4%, moving from $17K to $3K. Total assets decreased by 48.8% over the same period, from $4K to $2K. Total functional expenses rose by 7.8%, from $17K to $18K. In its most recent filing year (2012), Lake Tahoe Classic Guitar Society reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $3K | $18K | $2K | $0 | — | View 990 |
| 2011 | $20K | $24K | $606 | $0 | — | View 990 |
| 2010 | $17K | $17K | $4K | $0 | — | — |
Year-by-Year Financial Summary
- 2012: Revenue of $3K, expenses of $18K, and assets of $2K (revenue -87.2% year-over-year).
- 2011: Revenue of $20K, expenses of $24K, and assets of $606 (revenue +22.0% year-over-year).
- 2010: Revenue of $17K, expenses of $17K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Tahoe Classic Guitar Society:
Data Sources and Methodology
This transparency report for Lake Tahoe Classic Guitar Society 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.