Lake Wales Care Center Foundation Inc

Lake Wales Care Center Foundation Inc shows significant recent revenue growth and no reported executive compensation.

EIN: 200357499 · Lake Wales, FL · NTEE: E19 · Updated: 2026-03-28

$3.2MRevenue

$7.3MAssets

88/100Mission Score (Excellent)

E19

About Lake Wales Care Center Foundation Inc

Lake Wales Care Center Foundation Inc (EIN: 200357499) is a nonprofit organization based in Lake Wales, FL, classified under NTEE code E19. The organization reported total revenue of $3.2M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Wales Care Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lake Wales Care Center Foundation Inc demonstrates a consistent financial position with growing assets, reaching $7,258,452 in its latest filing. The organization's revenue has fluctuated significantly over the years, with a notable spike to $3,198,075 in the latest period, a substantial increase from previous years where revenue typically ranged from $200,000 to $680,000. This recent surge in revenue, if sustained, could significantly enhance its capacity to fulfill its mission. The organization consistently reports 0% officer compensation, indicating a volunteer-led or very lean executive structure, which is a strong positive for donor confidence and efficiency.

While the provided data doesn't detail the breakdown of expenses into program, administrative, and fundraising categories, the overall financial health appears stable with assets consistently exceeding liabilities. The organization's ability to operate with no reported officer compensation suggests a highly efficient use of funds at the leadership level. However, without a detailed functional expense breakdown, it's challenging to fully assess spending efficiency across all operational areas. The consistent growth in assets, even during periods of lower revenue, suggests prudent financial management and investment.

Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a key indicator of transparency and a commitment to directing funds towards the mission. To further enhance transparency, a more detailed public breakdown of program service accomplishments and functional expenses would be beneficial for donors and stakeholders.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lake Wales Care Center Foundation 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 Wales Care Center Foundation 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that executive salaries are covered by a related entity, which is highly favorable for directing funds to programs.

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.

Strengths

The following positive indicators were identified for Lake Wales Care Center Foundation Inc:

Consistent reporting of 0% officer compensation, indicating high efficiency at the leadership level.
Significant growth in assets, reaching $7,258,452, demonstrating financial stability and prudent management.
Substantial increase in latest reported revenue to $3,198,075, potentially expanding program capacity.
Consistent filing of IRS Form 990s, indicating good transparency practices.

Frequently Asked Questions about Lake Wales Care Center Foundation Inc

What caused the significant increase in revenue to $3,198,075 in the latest period?

The provided data does not specify the source of this substantial revenue increase, but it represents a significant positive shift from prior years' revenue figures, which were typically below $700,000.

How does Lake Wales Care Center Foundation Inc manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that executive leadership roles are either entirely volunteer-based or compensated through a related entity, which is a strong indicator of financial efficiency and dedication to the mission.

What are the primary program services provided by Lake Wales Care Center Foundation Inc?

Based on the NTEE code E19 (Housing, Shelter), the organization likely focuses on providing housing and shelter-related services, though specific program details are not available in the provided financial summary.

Filing History

IRS 990 filing history for Lake Wales Care Center Foundation Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2016–2022), Lake Wales Care Center Foundation Inc's revenue has declined by 0.9%, moving from $682K to $676K. Total assets increased by 6.2% over the same period, from $5.0M to $5.3M. Total functional expenses fell by 59.2%, from $652K to $266K. In its most recent filing year (2022), Lake Wales Care Center Foundation Inc reported a surplus of $410K, with revenue exceeding expenses. The organization holds $258K in liabilities against $5.3M in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $5.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$676K	$266K	$5.3M	$258K	—	View 990
2021	$230K	$196K	$5.9M	$173K	—	View 990
2020	$225K	$190K	$5.1M	$9K	—	View 990
2019	$203K	$318K	$4.9M	$185K	—	View 990
2018	$260K	$544K	$4.3M	$67K	—	View 990
2017	$371K	$563K	$5.3M	$376K	—	—
2016	$682K	$652K	$5.0M	$221K	—	—

Year-by-Year Financial Summary

2022: Revenue of $676K, expenses of $266K, and assets of $5.3M (revenue +193.8% year-over-year).
2021: Revenue of $230K, expenses of $196K, and assets of $5.9M (revenue +2.1% year-over-year).
2020: Revenue of $225K, expenses of $190K, and assets of $5.1M (revenue +11.1% year-over-year).
2019: Revenue of $203K, expenses of $318K, and assets of $4.9M (revenue -22.0% year-over-year).
2018: Revenue of $260K, expenses of $544K, and assets of $4.3M (revenue -30.0% year-over-year).
2017: Revenue of $371K, expenses of $563K, and assets of $5.3M (revenue -45.5% year-over-year).
2016: Revenue of $682K, expenses of $652K, and assets of $5.0M.

Data Sources and Methodology

This transparency report for Lake Wales Care Center Foundation 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.