Lakes Area Interfaith Caregivers
Lakes Area Interfaith Caregivers maintains stable finances with volunteer leadership and low liabilities.
EIN: 134230071 · Deerwood, MN · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $289K |
| Total Expenses | $195K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $130,000 |
| Net Assets | $144K |
| Transparency Score | 92/100 |
Is Lakes Area Interfaith Caregivers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakes Area Interfaith Caregivers directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakes Area Interfaith Caregivers
Lakes Area Interfaith Caregivers (EIN: 134230071) is a nonprofit organization based in Deerwood, MN, classified under NTEE code P80. The organization reported total revenue of $289K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Area Interfaith Caregivers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Area Interfaith Caregivers is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $195K |
| Surplus / Deficit | $-20,033 |
| Total Assets | $149K |
| Total Liabilities | $6K |
| Net Assets | $144K |
| Operating Margin | -11.5% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2024, Lakes Area Interfaith Caregivers reported a deficit of $20K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Lakes Area Interfaith Caregivers's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.1% | +9.6% | -11.8% |
| 2023 | +17.8% | +23.6% | -4.5% |
| 2022 | -34.5% | +-0.0% | -1.7% |
| 2021 | +30.2% | -9.9% | +37.2% |
| 2020 | +24.2% | -1.5% | +33.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Lakes Area Interfaith Caregivers with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Lakes Area Interfaith Caregivers allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with annual revenues typically ranging from $130,000 to over $200,000.
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 Lakes Area Interfaith Caregivers's IRS 990 filings:
- Occasional operating deficits, such as in 202406 where expenses ($194,558) exceeded revenue ($174,525).
Strengths
The following positive indicators were identified for Lakes Area Interfaith Caregivers:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Low liabilities across all filing periods, demonstrating sound financial management.
- Stable asset base, providing a buffer for operations.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Lakes Area Interfaith Caregivers
Is Lakes Area Interfaith Caregivers a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Area Interfaith Caregivers (EIN: 134230071) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Lakes Area Interfaith Caregivers spend its money?
Lakes Area Interfaith Caregivers directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakes Area Interfaith Caregivers tax-deductible?
Lakes Area Interfaith Caregivers is registered as a tax-exempt nonprofit (EIN: 134230071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakes Area Interfaith Caregivers CEO make?
Lakes Area Interfaith Caregivers's highest-compensated officer earns $130,000 annually. The organization reported $289K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakes Area Interfaith Caregivers's spending goes to programs?
Lakes Area Interfaith Caregivers directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakes Area Interfaith Caregivers compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lakes Area Interfaith Caregivers is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakes Area Interfaith Caregivers located?
Lakes Area Interfaith Caregivers is headquartered in Deerwood, Minnesota and files with the IRS under EIN 134230071. It is classified under NTEE code P80.
How many years of IRS 990 filings does Lakes Area Interfaith Caregivers have?
Lakes Area Interfaith Caregivers 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 $289K in total revenue.
Is Lakes Area Interfaith Caregivers a good charity?
Based on the available IRS 990 data, Lakes Area Interfaith Caregivers appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong volunteer commitment and efficient use of funds. Liabilities are low, and while there are occasional operating deficits, the overall financial health is stable.
How does Lakes Area Interfaith Caregivers manage its expenses?
The organization generally manages its expenses well, with revenues often covering or closely matching expenses. For example, in 202406, expenses were $194,558 against revenues of $174,525. The consistent 0% officer compensation suggests a lean administrative structure, contributing to overall expense efficiency.
What is the trend in Lakes Area Interfaith Caregivers' assets?
Lakes Area Interfaith Caregivers' assets have shown some fluctuation but generally remained stable over the past decade, ranging from a low of $98,268 in 201906 to a high of $180,574 in 202106. The latest reported assets for 202406 are $149,365, indicating a healthy reserve.
Filing History
IRS 990 filing history for Lakes Area Interfaith Caregivers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Lakes Area Interfaith Caregivers's revenue has grown by 75.7%, moving from $99K to $175K. Total assets decreased by 0.9% over the same period, from $151K to $149K. Total functional expenses rose by 105%, from $95K to $195K. In its most recent filing year (2024), Lakes Area Interfaith Caregivers reported a deficit of $20K, with expenses exceeding revenue. The organization holds $6K in liabilities against $149K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $175K | $195K | $149K | $6K | — | — |
| 2023 | $168K | $178K | $169K | $6K | — | View 990 |
| 2022 | $142K | $144K | $177K | $4K | — | View 990 |
| 2021 | $217K | $144K | $181K | $6K | — | — |
| 2020 | $167K | $159K | $132K | $30K | — | View 990 |
| 2019 | $134K | $162K | $98K | $4K | — | View 990 |
| 2018 | $140K | $161K | $128K | $7K | — | View 990 |
| 2017 | $177K | $181K | $148K | $6K | — | View 990 |
| 2016 | $152K | $138K | $151K | $5K | — | View 990 |
| 2015 | $128K | $139K | $139K | $6K | — | View 990 |
| 2014 | $90K | $96K | $145K | $2K | — | View 990 |
| 2013 | $91K | $91K | $151K | $929 | — | View 990 |
| 2012 | $99K | $95K | $151K | $864 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $175K, expenses of $195K, and assets of $149K (revenue +4.1% year-over-year).
- 2023: Revenue of $168K, expenses of $178K, and assets of $169K (revenue +17.8% year-over-year).
- 2022: Revenue of $142K, expenses of $144K, and assets of $177K (revenue -34.5% year-over-year).
- 2021: Revenue of $217K, expenses of $144K, and assets of $181K (revenue +30.2% year-over-year).
- 2020: Revenue of $167K, expenses of $159K, and assets of $132K (revenue +24.2% year-over-year).
- 2019: Revenue of $134K, expenses of $162K, and assets of $98K (revenue -4.1% year-over-year).
- 2018: Revenue of $140K, expenses of $161K, and assets of $128K (revenue -21.0% year-over-year).
- 2017: Revenue of $177K, expenses of $181K, and assets of $148K (revenue +16.7% year-over-year).
- 2016: Revenue of $152K, expenses of $138K, and assets of $151K (revenue +18.3% year-over-year).
- 2015: Revenue of $128K, expenses of $139K, and assets of $139K (revenue +43.5% year-over-year).
- 2014: Revenue of $90K, expenses of $96K, and assets of $145K (revenue -1.8% year-over-year).
- 2013: Revenue of $91K, expenses of $91K, and assets of $151K (revenue -8.3% year-over-year).
- 2012: Revenue of $99K, expenses of $95K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Area Interfaith Caregivers:
Data Sources and Methodology
This transparency report for Lakes Area Interfaith Caregivers 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.