Lakewood Resource And Referral Center Inc
Lakewood Resource And Referral Center Inc shows strong financial growth and high program spending efficiency with no reported officer compensation.
EIN: 201324142 · Lakewood, NJ · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $71.6M |
| Total Expenses | $56.3M |
| Program Spending | 94% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $53.3M |
| Transparency Score | 92/100 |
Is Lakewood Resource And Referral Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakewood Resource And Referral Center Inc directs 94% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakewood Resource And Referral Center Inc
Lakewood Resource And Referral Center Inc (EIN: 201324142) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code P40. The organization reported total revenue of $71.6M and total assets of $83.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakewood Resource And Referral Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakewood Resource And Referral Center Inc is a major nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61.1M |
| Total Expenses | $56.3M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $75.5M |
| Total Liabilities | $22.2M |
| Net Assets | $53.3M |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 29.4% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, Lakewood Resource And Referral Center Inc reported a surplus of $4.7M with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 29.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lakewood Resource And Referral Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +13.5% | +3.6% |
| 2022 | -7.1% | +15.4% | +62.0% |
| 2021 | +69.1% | +39.2% | +69.1% |
| 2020 | +29.3% | +9.5% | +44.9% |
| 2019 | +6.8% | +10.2% | +28.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Lakewood Resource And Referral Center 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: 5%
- programs: 94%
- fundraising: 1%
According to IRS 990 filings, Lakewood Resource And Referral Center Inc allocates its expenses as follows: admin: 5%, programs: 94%, fundraising: 1%. With 94% 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 $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, including the latest 2023 period. This is highly unusual for an organization with revenues exceeding $60 million and suggests that executive leadership may be compensated through other mechanisms not classified as officer compensation, or that the organization relies on volunteer leadership.
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 Lakewood Resource And Referral Center Inc's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may obscure the full executive compensation picture.
Strengths
The following positive indicators were identified for Lakewood Resource And Referral Center Inc:
- Exceptional program spending ratio (approx. 94% in 2023)
- Strong and consistent revenue growth over the past decade (from $16M in 2014 to $61M in 2023)
- Significant asset growth, indicating increasing capacity and financial stability (from $7.8M in 2014 to $75.5M in 2023)
- Low fundraising expense ratio (approx. 1% in 2023)
- Positive net income in most recent filings, contributing to asset growth
Frequently Asked Questions about Lakewood Resource And Referral Center Inc
Is Lakewood Resource And Referral Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakewood Resource And Referral Center Inc (EIN: 201324142) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Lakewood Resource And Referral Center Inc spend its money?
Lakewood Resource And Referral Center Inc directs 94% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakewood Resource And Referral Center Inc tax-deductible?
Lakewood Resource And Referral Center Inc is registered as a tax-exempt nonprofit (EIN: 201324142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakewood Resource And Referral Center Inc CEO make?
Lakewood Resource And Referral Center Inc's highest-compensated officer earns $60 annually. The organization reported $71.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakewood Resource And Referral Center Inc's spending goes to programs?
Lakewood Resource And Referral Center Inc directs 94% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakewood Resource And Referral Center Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lakewood Resource And Referral Center Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakewood Resource And Referral Center Inc located?
Lakewood Resource And Referral Center Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 201324142. It is classified under NTEE code P40.
How many years of IRS 990 filings does Lakewood Resource And Referral Center Inc have?
Lakewood Resource And Referral Center Inc 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 $71.6M in total revenue.
Is Lakewood Resource And Referral Center Inc a good charity?
Based on its financial data, Lakewood Resource And Referral Center Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, and exceptionally high program spending efficiency, with approximately 94% of expenses directed to programs in 2023. The consistent reporting of 0% officer compensation is also a positive indicator of mission focus.
How has the organization's revenue grown over time?
Lakewood Resource And Referral Center Inc has experienced significant revenue growth, increasing from $16,194,765 in 2014 to $61,091,530 in 2023, and reaching a peak of $71,605,721 in its latest reported revenue. This represents a substantial increase of over 277% in a decade.
What is the organization's spending efficiency?
The organization exhibits excellent spending efficiency. In 2023, approximately 93.6% of its total expenses ($56,346,129) were allocated to program services ($52,780,000), with only about 5.3% for administrative costs and 1.0% for fundraising.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that either the organization's top executives are not compensated, are compensated through a related entity, or their compensation is categorized differently within the IRS 990 filing. While it indicates a strong focus on mission and resource allocation, it also raises questions about the full compensation structure for leadership.
Filing History
IRS 990 filing history for Lakewood Resource And Referral Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakewood Resource And Referral Center Inc's revenue has grown by 464.1%, moving from $10.8M to $61.1M. Total assets increased by 727.6% over the same period, from $9.1M to $75.5M. Total functional expenses rose by 434.8%, from $10.5M to $56.3M. In its most recent filing year (2023), Lakewood Resource And Referral Center Inc reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $22.2M in liabilities against $75.5M in assets (debt-to-asset ratio: 29.4%), resulting in net assets of $53.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61.1M | $56.3M | $75.5M | $22.2M | — | — |
| 2022 | $61.1M | $49.6M | $72.9M | $24.3M | — | View 990 |
| 2021 | $65.8M | $43.0M | $45.0M | $7.8M | — | View 990 |
| 2020 | $38.9M | $30.9M | $26.6M | $12.1M | — | View 990 |
| 2019 | $30.1M | $28.2M | $18.4M | $11.9M | — | View 990 |
| 2018 | $28.2M | $25.6M | $14.3M | $9.7M | — | View 990 |
| 2017 | $25.4M | $23.5M | $12.6M | $10.5M | — | View 990 |
| 2016 | $21.6M | $19.9M | $9.3M | $9.2M | — | View 990 |
| 2015 | $18.5M | $18.0M | $9.0M | $10.6M | — | View 990 |
| 2014 | $16.2M | $15.4M | $7.8M | $9.9M | — | View 990 |
| 2013 | $14.0M | $14.2M | $7.5M | $10.4M | — | View 990 |
| 2012 | $14.9M | $12.2M | $7.6M | $10.4M | — | View 990 |
| 2011 | $10.8M | $10.5M | $9.1M | $14.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61.1M, expenses of $56.3M, and assets of $75.5M (revenue +0.0% year-over-year).
- 2022: Revenue of $61.1M, expenses of $49.6M, and assets of $72.9M (revenue -7.1% year-over-year).
- 2021: Revenue of $65.8M, expenses of $43.0M, and assets of $45.0M (revenue +69.1% year-over-year).
- 2020: Revenue of $38.9M, expenses of $30.9M, and assets of $26.6M (revenue +29.3% year-over-year).
- 2019: Revenue of $30.1M, expenses of $28.2M, and assets of $18.4M (revenue +6.8% year-over-year).
- 2018: Revenue of $28.2M, expenses of $25.6M, and assets of $14.3M (revenue +10.8% year-over-year).
- 2017: Revenue of $25.4M, expenses of $23.5M, and assets of $12.6M (revenue +17.6% year-over-year).
- 2016: Revenue of $21.6M, expenses of $19.9M, and assets of $9.3M (revenue +16.8% year-over-year).
- 2015: Revenue of $18.5M, expenses of $18.0M, and assets of $9.0M (revenue +14.2% year-over-year).
- 2014: Revenue of $16.2M, expenses of $15.4M, and assets of $7.8M (revenue +15.5% year-over-year).
- 2013: Revenue of $14.0M, expenses of $14.2M, and assets of $7.5M (revenue -5.8% year-over-year).
- 2012: Revenue of $14.9M, expenses of $12.2M, and assets of $7.6M (revenue +37.4% year-over-year).
- 2011: Revenue of $10.8M, expenses of $10.5M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakewood Resource And Referral Center Inc:
Data Sources and Methodology
This transparency report for Lakewood Resource And Referral Center 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.