Lamp Stand Incorporated

Is Lamp Stand Incorporated Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Lamp Stand Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lamp Stand Incorporated

Lamp Stand Incorporated (EIN: 203678675) is a nonprofit organization based in Flagstaff, AZ, classified under NTEE code T31. The organization reported total revenue of $174K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lamp Stand Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Lamp Stand Incorporated is a small nonprofit that has been operating for 20 years, with 6 years of IRS 990 filings on record (2019–2024). Revenue has grown at a compound annual rate of 16.3%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Lamp Stand Incorporated reported a surplus of $32K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position).

Financial Trends

Over 6 years of filings (2019–2024), Lamp Stand Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 16.3%.

IRS Tax-Exempt Classification

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 Lamp Stand Incorporated 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, Lamp Stand Incorporated 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 surplus of $32K, with revenue exceeding expenses.

Executive Compensation Analysis

Lamp Stand Incorporated reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which is highly favorable for directing funds to programmatic activities.

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 Lamp Stand Incorporated:

• Consistent revenue growth from $100,061 in 2019 to $212,652 in 2024.
• Zero reported liabilities across all filings, indicating strong financial stability.
• 0% officer compensation reported, suggesting a high dedication of funds to programs.
• Growing asset base, from $7,359 in 2019 to $216,965 in 2024, enhancing long-term sustainability.
• Expenses generally align with revenue, demonstrating responsible financial management.

Frequently Asked Questions about Lamp Stand Incorporated

Filing History

IRS 990 filing history for Lamp Stand Incorporated showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2019–2024), Lamp Stand Incorporated's revenue has grown by 112.5%, moving from $100K to $213K. Total assets increased by 2848.3% over the same period, from $7K to $217K. Total functional expenses rose by 50.2%, from $120K to $181K. In its most recent filing year (2024), Lamp Stand Incorporated reported a surplus of $32K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2024: Revenue of $213K, expenses of $181K, and assets of $217K (revenue +11.6% year-over-year).
• 2023: Revenue of $191K, expenses of $190K, and assets of $185K (revenue +31.9% year-over-year).
• 2022: Revenue of $144K, expenses of $145K, and assets of $185K (revenue +22.0% year-over-year).
• 2021: Revenue of $118K, expenses of $102K, and assets of $185K (revenue -57.8% year-over-year).
• 2020: Revenue of $281K, expenses of $124K, and assets of $0 (revenue +180.3% year-over-year).
• 2019: Revenue of $100K, expenses of $120K, and assets of $7K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lamp Stand Incorporated:

Data Sources and Methodology

This transparency report for Lamp Stand 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.