Lakes Region Community Services Foundation
EIN: 474258305 · Laconia, NH · NTEE: T12
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $59K |
| Net Assets | $479K |
Is Lakes Region Community Services Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lakes Region Community Services Foundation
Lakes Region Community Services Foundation (EIN: 474258305) is a nonprofit organization based in Laconia, NH, classified under NTEE code T12. The organization reported total revenue of $36K and total assets of $646K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Community Services Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Region Community Services Foundation is a micro nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $59K |
| Surplus / Deficit | +$21K |
| Total Assets | $493K |
| Total Liabilities | $14K |
| Net Assets | $479K |
| Operating Margin | 26.1% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 99.5 months |
Financial Health Grade: A
In 2023, Lakes Region Community Services Foundation reported a surplus of $21K with revenue exceeding expenses, holds 99.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Lakes Region Community Services Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.8% | +865.4% | +17.8% |
| 2022 | -51.3% | -95.6% | -4.8% |
| 2021 | -60.2% | +91.3% | +0.1% |
| 2020 | +203.5% | +188.6% | +39.5% |
| 2019 | +4.5% | +2283.5% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lakes Region Community Services Foundation 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 Region Community Services Foundation 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 $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Frequently Asked Questions about Lakes Region Community Services Foundation
Is Lakes Region Community Services Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Community Services Foundation (EIN: 474258305) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lakes Region Community Services Foundation spend its money?
Detailed spending breakdown data is not yet available for Lakes Region Community Services Foundation. Check back for updated IRS 990 analysis.
Are donations to Lakes Region Community Services Foundation tax-deductible?
Lakes Region Community Services Foundation is registered as a tax-exempt nonprofit (EIN: 474258305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lakes Region Community Services Foundation located?
Lakes Region Community Services Foundation is headquartered in Laconia, New Hampshire and files with the IRS under EIN 474258305. It is classified under NTEE code T12.
How many years of IRS 990 filings does Lakes Region Community Services Foundation have?
Lakes Region Community Services Foundation has 7 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 $36K in total revenue.
Filing History
IRS 990 filing history for Lakes Region Community Services Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Lakes Region Community Services Foundation's revenue has declined by 10.3%, moving from $90K to $80K. Total assets increased by 147.1% over the same period, from $200K to $493K. Total functional expenses rose by 457361.5%, from $13 to $59K. In its most recent filing year (2023), Lakes Region Community Services Foundation reported a surplus of $21K, with revenue exceeding expenses. The organization holds $14K in liabilities against $493K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $479K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $59K | $493K | $14K | — | View 990 |
| 2022 | $40K | $6K | $418K | $0 | — | View 990 |
| 2021 | $82K | $141K | $439K | $451 | — | — |
| 2020 | $206K | $74K | $439K | $2K | — | View 990 |
| 2019 | $68K | $25K | $315K | $9K | — | View 990 |
| 2018 | $65K | $1K | $266K | $3K | — | View 990 |
| 2017 | $90K | $13 | $200K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $59K, and assets of $493K (revenue +101.8% year-over-year).
- 2022: Revenue of $40K, expenses of $6K, and assets of $418K (revenue -51.3% year-over-year).
- 2021: Revenue of $82K, expenses of $141K, and assets of $439K (revenue -60.2% year-over-year).
- 2020: Revenue of $206K, expenses of $74K, and assets of $439K (revenue +203.5% year-over-year).
- 2019: Revenue of $68K, expenses of $25K, and assets of $315K (revenue +4.5% year-over-year).
- 2018: Revenue of $65K, expenses of $1K, and assets of $266K (revenue -27.7% year-over-year).
- 2017: Revenue of $90K, expenses of $13, and assets of $200K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Region Community Services Foundation:
Data Sources and Methodology
This transparency report for Lakes Region Community Services Foundation 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.