Lantern Community Services Inc
Lantern Community Services Inc shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 133910692 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47.3M |
| Total Expenses | $46.4M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $47 |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Lantern Community Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lantern Community Services Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lantern Community Services Inc
Lantern Community Services Inc (EIN: 133910692) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $47.3M and total assets of $29.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lantern Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lantern Community Services Inc is a large nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.4M |
| Total Expenses | $46.4M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $26.5M |
| Total Liabilities | $24.8M |
| Net Assets | $1.7M |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 93.5% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Lantern Community Services Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 93.5% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lantern Community Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.0% | +21.7% | +59.2% |
| 2022 | +27.6% | +26.5% | +93.7% |
| 2021 | +29.0% | +28.6% | +30.9% |
| 2020 | +25.8% | +28.9% | -3.1% |
| 2019 | +15.4% | +24.9% | +51.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Lantern Community Services 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: 88%
- fundraising: 5%
According to IRS 990 filings, Lantern Community Services Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly unusual for an organization of its size, with revenues exceeding $47 million, and suggests a strong commitment to directing funds towards its mission.
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 Lantern Community Services Inc's IRS 990 filings:
- Unusually low reported liabilities relative to assets in some periods, which might warrant further investigation into asset composition or funding sources.
Strengths
The following positive indicators were identified for Lantern Community Services Inc:
- Exceptional revenue growth over the past decade, indicating strong support and expanding operations.
- Consistent reporting of 0% officer compensation, demonstrating a high commitment to mission-focused spending and transparency.
- Healthy asset growth, from $3.2 million in 2014 to $26.5 million in 2023, enhancing financial stability.
- Efficient expense management, with expenses consistently aligned with revenue.
- Positive net assets, indicating financial health and sustainability.
Frequently Asked Questions about Lantern Community Services Inc
Is Lantern Community Services Inc a legitimate charity?
Lantern Community Services Inc (EIN: 133910692) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $47.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Lantern Community Services Inc spend its money?
Lantern Community Services Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lantern Community Services Inc tax-deductible?
Lantern Community Services Inc is registered as a tax-exempt nonprofit (EIN: 133910692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lantern Community Services Inc CEO make?
Lantern Community Services Inc's highest-compensated officer earns $47 annually. The organization reported $47.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lantern Community Services Inc's spending goes to programs?
Lantern Community Services Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lantern Community Services Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lantern Community Services Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lantern Community Services Inc located?
Lantern Community Services Inc is headquartered in New York, New York and files with the IRS under EIN 133910692. It is classified under NTEE code L21.
How many years of IRS 990 filings does Lantern Community Services Inc have?
Lantern Community Services Inc has 14 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 $47.3M in total revenue.
Is Lantern Community Services Inc a good charity?
Based on its financial data, Lantern Community Services Inc appears to be a very good charity. It demonstrates strong revenue growth, efficient expense management, and a remarkable commitment to transparency by reporting 0% officer compensation for over a decade. Its assets have grown substantially, indicating financial stability and capacity to deliver on its mission.
How has Lantern Community Services Inc's revenue grown over time?
Lantern Community Services Inc has experienced significant revenue growth, increasing from $14,618,713 in 2014 to $47,384,655 in 2023, representing over a 220% increase in less than a decade.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, which is highly unusual for a nonprofit of its scale. This indicates that no salaries or other compensation were paid to its officers, directors, trustees, or key employees, suggesting a strong dedication to program spending.
Does Lantern Community Services Inc manage its expenses effectively?
Yes, the organization appears to manage its expenses effectively. In most years, expenses are very close to revenue, such as $46,365,785 in expenses against $47,384,655 in revenue in 2023, indicating that funds are being utilized efficiently for its operations without excessive surpluses or deficits.
Filing History
IRS 990 filing history for Lantern Community Services Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lantern Community Services Inc's revenue has grown by 543.7%, moving from $7.4M to $47.4M. Total assets increased by 884.9% over the same period, from $2.7M to $26.5M. Total functional expenses rose by 554.7%, from $7.1M to $46.4M. In its most recent filing year (2023), Lantern Community Services Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $24.8M in liabilities against $26.5M in assets (debt-to-asset ratio: 93.5%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.4M | $46.4M | $26.5M | $24.8M | — | View 990 |
| 2022 | $38.5M | $38.1M | $16.7M | $16.0M | — | View 990 |
| 2021 | $30.2M | $30.1M | $8.6M | $8.3M | — | View 990 |
| 2020 | $23.4M | $23.4M | $6.6M | $6.3M | — | View 990 |
| 2019 | $18.6M | $18.2M | $6.8M | $6.6M | — | View 990 |
| 2018 | $16.1M | $14.6M | $4.5M | $4.4M | — | View 990 |
| 2017 | $16.5M | $16.4M | $3.4M | $4.0M | — | View 990 |
| 2016 | $16.3M | $16.4M | $2.7M | $3.5M | — | View 990 |
| 2015 | $16.1M | $15.9M | $3.8M | $3.2M | — | View 990 |
| 2014 | $14.6M | $14.4M | $3.3M | $2.8M | — | View 990 |
| 2013 | $11.3M | $11.0M | $2.2M | $1.4M | — | View 990 |
| 2012 | $4.9M | $4.8M | $2.2M | $1.4M | — | View 990 |
| 2011 | $9.2M | $9.3M | $3.4M | $2.5M | — | View 990 |
| 2010 | $7.4M | $7.1M | $2.7M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.4M, expenses of $46.4M, and assets of $26.5M (revenue +23.0% year-over-year).
- 2022: Revenue of $38.5M, expenses of $38.1M, and assets of $16.7M (revenue +27.6% year-over-year).
- 2021: Revenue of $30.2M, expenses of $30.1M, and assets of $8.6M (revenue +29.0% year-over-year).
- 2020: Revenue of $23.4M, expenses of $23.4M, and assets of $6.6M (revenue +25.8% year-over-year).
- 2019: Revenue of $18.6M, expenses of $18.2M, and assets of $6.8M (revenue +15.4% year-over-year).
- 2018: Revenue of $16.1M, expenses of $14.6M, and assets of $4.5M (revenue -2.5% year-over-year).
- 2017: Revenue of $16.5M, expenses of $16.4M, and assets of $3.4M (revenue +1.3% year-over-year).
- 2016: Revenue of $16.3M, expenses of $16.4M, and assets of $2.7M (revenue +1.6% year-over-year).
- 2015: Revenue of $16.1M, expenses of $15.9M, and assets of $3.8M (revenue +9.9% year-over-year).
- 2014: Revenue of $14.6M, expenses of $14.4M, and assets of $3.3M (revenue +29.8% year-over-year).
- 2013: Revenue of $11.3M, expenses of $11.0M, and assets of $2.2M (revenue +129.7% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.8M, and assets of $2.2M (revenue -46.8% year-over-year).
- 2011: Revenue of $9.2M, expenses of $9.3M, and assets of $3.4M (revenue +25.3% year-over-year).
- 2010: Revenue of $7.4M, expenses of $7.1M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lantern Community Services Inc:
Data Sources and Methodology
This transparency report for Lantern Community Services 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.