Lakeside House Inc
Lakeside House Inc. shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 141601762 · Saranac Lake, NY · Updated: 2026-03-28
Is Lakeside House Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakeside House Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakeside House Inc
Lakeside House Inc (EIN: 141601762) is a nonprofit organization based in Saranac Lake, NY. The organization reported total revenue of $1.7M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeside House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeside House Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$39K |
| Total Assets | $900K |
| Total Liabilities | $60K |
| Net Assets | $840K |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Lakeside House Inc reported a surplus of $39K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lakeside House Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +21.2% | +2.5% |
| 2022 | +10.1% | +13.3% | +35.4% |
| 2021 | +36.6% | +6.3% | +22.4% |
| 2020 | +10.1% | +2.8% | +43.4% |
| 2019 | -1.7% | -1.1% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Lakeside House Inc 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, Lakeside House Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
Lakeside House Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or that compensation is not categorized as 'officer compensation' in a way that would be reported here. This practice is highly favorable, suggesting that funds are directly allocated to the organization's mission rather than executive salaries.
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 Lakeside House Inc:
- Consistent revenue growth, from $651,636 in 2019 to $1,041,123 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high efficiency and mission focus.
- Healthy asset growth, increasing from $369,319 in 2019 to $900,245 in 2023.
- Expenses generally below revenue in recent years, allowing for asset accumulation.
- Positive net assets maintained consistently over the filing history.
Frequently Asked Questions about Lakeside House Inc
Is Lakeside House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeside House Inc (EIN: 141601762) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lakeside House Inc spend its money?
Lakeside House Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakeside House Inc tax-deductible?
Lakeside House Inc is registered as a tax-exempt nonprofit (EIN: 141601762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lakeside House Inc. financially stable?
Yes, Lakeside House Inc. appears financially stable. Its assets have consistently grown, reaching $900,245 in 2023, and revenue has outpaced expenses in most recent years, indicating a healthy financial trajectory.
How has Lakeside House Inc.'s revenue changed over time?
Lakeside House Inc. has shown strong revenue growth, increasing from $651,636 in 2019 to $1,041,123 in 2023, representing a significant upward trend.
Does Lakeside House Inc. pay its officers?
Based on the provided IRS 990 data, Lakeside House Inc. consistently reports 0% officer compensation across all 13 filings, suggesting that officers are not compensated or their compensation is not reported in this category.
What is the trend in Lakeside House Inc.'s assets?
Lakeside House Inc.'s assets have shown a positive growth trend, increasing from $369,319 in 2019 to $900,245 in 2023, indicating a strengthening financial position.
Filing History
IRS 990 filing history for Lakeside House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakeside House Inc's revenue has grown by 41.3%, moving from $737K to $1.0M. Total assets increased by 82.3% over the same period, from $494K to $900K. Total functional expenses rose by 66.3%, from $603K to $1.0M. In its most recent filing year (2023), Lakeside House Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $60K in liabilities against $900K in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $840K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.0M | $900K | $60K | — | View 990 |
| 2022 | $1.1M | $827K | $878K | $77K | — | View 990 |
| 2021 | $980K | $730K | $648K | $98K | — | View 990 |
| 2020 | $717K | $687K | $530K | $229K | — | View 990 |
| 2019 | $652K | $668K | $369K | $99K | — | View 990 |
| 2018 | $663K | $676K | $415K | $128K | — | View 990 |
| 2017 | $652K | $681K | $420K | $120K | — | View 990 |
| 2016 | $645K | $684K | $429K | $100K | — | View 990 |
| 2015 | $685K | $668K | $491K | $123K | — | View 990 |
| 2014 | $663K | $635K | $479K | $128K | — | View 990 |
| 2013 | $616K | $631K | $457K | $152K | — | View 990 |
| 2012 | $643K | $632K | $469K | $149K | — | View 990 |
| 2011 | $737K | $603K | $494K | $184K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.0M, and assets of $900K (revenue -3.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $827K, and assets of $878K (revenue +10.1% year-over-year).
- 2021: Revenue of $980K, expenses of $730K, and assets of $648K (revenue +36.6% year-over-year).
- 2020: Revenue of $717K, expenses of $687K, and assets of $530K (revenue +10.1% year-over-year).
- 2019: Revenue of $652K, expenses of $668K, and assets of $369K (revenue -1.7% year-over-year).
- 2018: Revenue of $663K, expenses of $676K, and assets of $415K (revenue +1.7% year-over-year).
- 2017: Revenue of $652K, expenses of $681K, and assets of $420K (revenue +1.1% year-over-year).
- 2016: Revenue of $645K, expenses of $684K, and assets of $429K (revenue -5.8% year-over-year).
- 2015: Revenue of $685K, expenses of $668K, and assets of $491K (revenue +3.3% year-over-year).
- 2014: Revenue of $663K, expenses of $635K, and assets of $479K (revenue +7.5% year-over-year).
- 2013: Revenue of $616K, expenses of $631K, and assets of $457K (revenue -4.1% year-over-year).
- 2012: Revenue of $643K, expenses of $632K, and assets of $469K (revenue -12.7% year-over-year).
- 2011: Revenue of $737K, expenses of $603K, and assets of $494K.
Data Sources and Methodology
This transparency report for Lakeside House 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.