Lanai Academy Of Performing Arts Inc
EIN: 814024345 · Lanai City, HI · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $134K |
| Net Assets | $33K |
Is Lanai Academy Of Performing Arts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lanai Academy Of Performing Arts Inc
Lanai Academy Of Performing Arts Inc (EIN: 814024345) is a nonprofit organization based in Lanai City, HI, classified under NTEE code O50. The organization reported total revenue of $241K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lanai Academy Of Performing Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lanai Academy Of Performing Arts Inc is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $134K |
| Surplus / Deficit | +$14K |
| Total Assets | $33K |
| Net Assets | $33K |
| Operating Margin | 9.3% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, Lanai Academy Of Performing Arts Inc reported a surplus of $14K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2017–2023), Lanai Academy Of Performing Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.9% | +73.5% | +26.4% |
| 2022 | +4.1% | +9.3% | -12.6% |
| 2021 | -26.5% | -25.7% | -0.2% |
| 2020 | -31.5% | -34.5% | +3.6% |
| 2019 | +25.2% | +32.7% | -14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lanai Academy Of Performing Arts Inc 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 Lanai Academy Of Performing Arts Inc 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 $14K, with revenue exceeding expenses.
Frequently Asked Questions about Lanai Academy Of Performing Arts Inc
Is Lanai Academy Of Performing Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lanai Academy Of Performing Arts Inc (EIN: 814024345) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lanai Academy Of Performing Arts Inc spend its money?
Detailed spending breakdown data is not yet available for Lanai Academy Of Performing Arts Inc. Check back for updated IRS 990 analysis.
Are donations to Lanai Academy Of Performing Arts Inc tax-deductible?
Lanai Academy Of Performing Arts Inc is registered as a tax-exempt nonprofit (EIN: 814024345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lanai Academy Of Performing Arts Inc located?
Lanai Academy Of Performing Arts Inc is headquartered in Lanai City, Hawaii and files with the IRS under EIN 814024345. It is classified under NTEE code O50.
How many years of IRS 990 filings does Lanai Academy Of Performing Arts Inc have?
Lanai Academy Of Performing Arts Inc 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 $241K in total revenue.
Filing History
IRS 990 filing history for Lanai Academy Of Performing Arts Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Lanai Academy Of Performing Arts Inc's revenue has grown by 44.5%, moving from $102K to $148K. Total assets increased by 5.9% over the same period, from $31K to $33K. Total functional expenses rose by 66.1%, from $81K to $134K. In its most recent filing year (2023), Lanai Academy Of Performing Arts Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $134K | $33K | $0 | — | View 990 |
| 2022 | $74K | $77K | $26K | $0 | — | View 990 |
| 2021 | $71K | $71K | $30K | $0 | — | — |
| 2020 | $96K | $95K | $30K | $0 | — | View 990 |
| 2019 | $140K | $145K | $29K | $0 | — | View 990 |
| 2018 | $112K | $110K | $34K | $0 | — | View 990 |
| 2017 | $102K | $81K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $134K, and assets of $33K (revenue +100.9% year-over-year).
- 2022: Revenue of $74K, expenses of $77K, and assets of $26K (revenue +4.1% year-over-year).
- 2021: Revenue of $71K, expenses of $71K, and assets of $30K (revenue -26.5% year-over-year).
- 2020: Revenue of $96K, expenses of $95K, and assets of $30K (revenue -31.5% year-over-year).
- 2019: Revenue of $140K, expenses of $145K, and assets of $29K (revenue +25.2% year-over-year).
- 2018: Revenue of $112K, expenses of $110K, and assets of $34K (revenue +9.5% year-over-year).
- 2017: Revenue of $102K, expenses of $81K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lanai Academy Of Performing Arts Inc:
Data Sources and Methodology
This transparency report for Lanai Academy Of Performing Arts 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.