Lakes Area Food Shelf Incorporated
EIN: 411715784 · Pequot Lakes, MN · NTEE: P20Z
| Metric | Value |
|---|---|
| Total Revenue | $840K |
| Total Expenses | $520K |
| Net Assets | $1.3M |
Is Lakes Area Food Shelf Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lakes Area Food Shelf Incorporated
Lakes Area Food Shelf Incorporated (EIN: 411715784) is a nonprofit organization based in Pequot Lakes, MN, classified under NTEE code P20Z. The organization reported total revenue of $840K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Area Food Shelf Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Area Food Shelf Incorporated is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $967K |
| Total Expenses | $520K |
| Surplus / Deficit | +$447K |
| Total Assets | $1.3M |
| Total Liabilities | $18K |
| Net Assets | $1.3M |
| Operating Margin | 46.2% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2023, Lakes Area Food Shelf Incorporated reported a surplus of $447K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lakes Area Food Shelf Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.4% | +43.6% | +51.9% |
| 2022 | +64.2% | +55.6% | +40.5% |
| 2021 | -2.4% | +19.8% | +29.8% |
| 2020 | +110.6% | +3.6% | +65.1% |
| 2019 | -6.1% | -0.3% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lakes Area Food Shelf Incorporated 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 Lakes Area Food Shelf Incorporated 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 $447K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Lakes Area Food Shelf Incorporated
Is Lakes Area Food Shelf Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Area Food Shelf Incorporated (EIN: 411715784) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lakes Area Food Shelf Incorporated spend its money?
Detailed spending breakdown data is not yet available for Lakes Area Food Shelf Incorporated. Check back for updated IRS 990 analysis.
Are donations to Lakes Area Food Shelf Incorporated tax-deductible?
Lakes Area Food Shelf Incorporated is registered as a tax-exempt nonprofit (EIN: 411715784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lakes Area Food Shelf Incorporated located?
Lakes Area Food Shelf Incorporated is headquartered in Pequot Lakes, Minnesota and files with the IRS under EIN 411715784. It is classified under NTEE code P20Z.
How many years of IRS 990 filings does Lakes Area Food Shelf Incorporated have?
Lakes Area Food Shelf Incorporated has 13 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 $840K in total revenue.
Filing History
IRS 990 filing history for Lakes Area Food Shelf Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakes Area Food Shelf Incorporated's revenue has grown by 443.8%, moving from $178K to $967K. Total assets increased by 391.1% over the same period, from $270K to $1.3M. Total functional expenses rose by 205.7%, from $170K to $520K. In its most recent filing year (2023), Lakes Area Food Shelf Incorporated reported a surplus of $447K, with revenue exceeding expenses. The organization holds $18K in liabilities against $1.3M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $967K | $520K | $1.3M | $18K | — | — |
| 2022 | $615K | $362K | $872K | $0 | — | View 990 |
| 2021 | $374K | $233K | $621K | $1K | — | View 990 |
| 2020 | $383K | $194K | $479K | $0 | — | View 990 |
| 2019 | $182K | $188K | $290K | $324 | — | View 990 |
| 2018 | $194K | $188K | $295K | $295 | — | View 990 |
| 2017 | $178K | $181K | $289K | $174 | — | View 990 |
| 2016 | $191K | $173K | $293K | $310 | — | View 990 |
| 2015 | $191K | $189K | $275K | $1K | — | View 990 |
| 2014 | $194K | $184K | $273K | $941 | — | View 990 |
| 2013 | $185K | $175K | $262K | $838 | — | View 990 |
| 2012 | $181K | $200K | $251K | $0 | — | View 990 |
| 2011 | $178K | $170K | $270K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $967K, expenses of $520K, and assets of $1.3M (revenue +57.4% year-over-year).
- 2022: Revenue of $615K, expenses of $362K, and assets of $872K (revenue +64.2% year-over-year).
- 2021: Revenue of $374K, expenses of $233K, and assets of $621K (revenue -2.4% year-over-year).
- 2020: Revenue of $383K, expenses of $194K, and assets of $479K (revenue +110.6% year-over-year).
- 2019: Revenue of $182K, expenses of $188K, and assets of $290K (revenue -6.1% year-over-year).
- 2018: Revenue of $194K, expenses of $188K, and assets of $295K (revenue +8.7% year-over-year).
- 2017: Revenue of $178K, expenses of $181K, and assets of $289K (revenue -6.8% year-over-year).
- 2016: Revenue of $191K, expenses of $173K, and assets of $293K (revenue -0.1% year-over-year).
- 2015: Revenue of $191K, expenses of $189K, and assets of $275K (revenue -1.6% year-over-year).
- 2014: Revenue of $194K, expenses of $184K, and assets of $273K (revenue +5.1% year-over-year).
- 2013: Revenue of $185K, expenses of $175K, and assets of $262K (revenue +2.5% year-over-year).
- 2012: Revenue of $181K, expenses of $200K, and assets of $251K (revenue +1.5% year-over-year).
- 2011: Revenue of $178K, expenses of $170K, and assets of $270K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Area Food Shelf Incorporated:
Data Sources and Methodology
This transparency report for Lakes Area Food Shelf Incorporated 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.