Lantern Organization Inc
Lantern Organization Inc. experiences significant revenue and asset growth with no reported officer compensation.
EIN: 133960661 · New York, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.8M |
| Total Expenses | $16.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $31.9M |
| Transparency Score | 85/100 |
Is Lantern Organization Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lantern Organization Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lantern Organization Inc
Lantern Organization Inc (EIN: 133960661) is a nonprofit organization based in New York, NY, classified under NTEE code L20. The organization reported total revenue of $20.8M and total assets of $57.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lantern Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lantern Organization Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.0M |
| Total Expenses | $16.1M |
| Surplus / Deficit | +$984K |
| Total Assets | $55.0M |
| Total Liabilities | $23.1M |
| Net Assets | $31.9M |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 41.9% |
| Months of Reserves | 41.1 months |
Financial Health Grade: A
In 2023, Lantern Organization Inc reported a surplus of $984K with revenue exceeding expenses, holds 41.1 months of operating reserves (strong position), has a debt-to-asset ratio of 41.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lantern Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +169.2% | +36.4% |
| 2022 | +1322.2% | +369.2% | +44.0% |
| 2021 | +4.8% | +666.9% | +2.1% |
| 2020 | -20.9% | -58.7% | -17.1% |
| 2019 | +118.9% | +0.3% | +18.5% |
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 Organization Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lantern Organization Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $984K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation, which is highly unusual for an organization of this size with $17 million in revenue in 2023.
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 Organization Inc's IRS 990 filings:
- Unusually low reported expenses in 2022 ($5,962,360) compared to revenue ($14,682,075) and subsequent years, potentially indicating an anomaly or reporting issue.
- Consistent 0% officer compensation for an organization with over $17 million in revenue, which is highly uncommon and may obscure actual leadership compensation.
- Significant increase in liabilities from $9,360,937 in 2022 to $23,063,328 in 2023, warranting investigation into their nature and management.
Strengths
The following positive indicators were identified for Lantern Organization Inc:
- Exceptional revenue growth, increasing from $1,032,369 in 2021 to $17,036,290 in 2023.
- Strong asset growth, from $10,964,043 in 2014 to $54,988,060 in 2023, indicating financial stability.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating a commitment to transparency.
- No reported officer compensation, suggesting a strong focus on mission and minimizing executive overhead.
Frequently Asked Questions about Lantern Organization Inc
Is Lantern Organization Inc a legitimate charity?
Lantern Organization Inc (EIN: 133960661) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $20.8M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Lantern Organization Inc spend its money?
Lantern Organization Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lantern Organization Inc tax-deductible?
Lantern Organization Inc is registered as a tax-exempt nonprofit (EIN: 133960661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lantern Organization Inc CEO make?
Lantern Organization Inc's highest-compensated officer earns $17 annually. The organization reported $20.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lantern Organization Inc's spending goes to programs?
Lantern Organization Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lantern Organization Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lantern Organization Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lantern Organization Inc located?
Lantern Organization Inc is headquartered in New York, New York and files with the IRS under EIN 133960661. It is classified under NTEE code L20.
How many years of IRS 990 filings does Lantern Organization Inc have?
Lantern Organization 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 $20.8M in total revenue.
Why is officer compensation consistently reported as 0% despite significant revenue and asset growth?
The consistent reporting of 0% for officer compensation across all 13 filings, even as revenue reached over $17 million in 2023, suggests that key leadership may be compensated through other means not classified as officer compensation, or that the organization relies heavily on volunteer leadership or a different compensation structure. This warrants further inquiry to understand the full compensation picture.
What caused the significant fluctuation in expenses, particularly the dip in 2022 ($5,962,360) compared to 2023 ($16,052,550)?
The substantial difference in expenses between 2022 and 2023 suggests a significant change in operational activities, program delivery, or reporting methodology. Understanding the reasons behind this fluctuation is crucial for assessing financial stability and program consistency.
How does Lantern Organization Inc. manage its liabilities, which have also seen significant increases?
Liabilities have grown from $29,946 in 2015 to $23,063,328 in 2023. While asset growth has outpaced liability growth, understanding the nature of these liabilities (e.g., program-related debt, capital expenditures) is important for a complete financial health assessment.
Filing History
IRS 990 filing history for Lantern Organization Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lantern Organization Inc's revenue has grown by 1598.6%, moving from $1.0M to $17.0M. Total assets increased by 305% over the same period, from $13.6M to $55.0M. Total functional expenses rose by 2435%, from $633K to $16.1M. In its most recent filing year (2023), Lantern Organization Inc reported a surplus of $984K, with revenue exceeding expenses. The organization holds $23.1M in liabilities against $55.0M in assets (debt-to-asset ratio: 41.9%), resulting in net assets of $31.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.0M | $16.1M | $55.0M | $23.1M | — | View 990 |
| 2022 | $14.7M | $6.0M | $40.3M | $9.4M | — | View 990 |
| 2021 | $1.0M | $1.3M | $28.0M | $4.8M | — | View 990 |
| 2020 | $985K | $166K | $27.4M | $4.1M | — | View 990 |
| 2019 | $1.2M | $401K | $33.1M | $10.5M | — | View 990 |
| 2018 | $569K | $400K | $27.9M | $8.4M | — | View 990 |
| 2017 | $1.0M | $779K | $23.5M | $4.2M | — | View 990 |
| 2016 | $594K | $339K | $11.3M | $155K | — | View 990 |
| 2015 | $223K | $213K | $10.9M | $30K | — | View 990 |
| 2014 | $663K | $540K | $11.0M | $83K | — | View 990 |
| 2013 | $689K | $561K | $11.4M | $632K | — | View 990 |
| 2012 | $1.0M | $648K | $14.8M | $4.2M | — | View 990 |
| 2011 | $1.0M | $633K | $13.6M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.0M, expenses of $16.1M, and assets of $55.0M (revenue +16.0% year-over-year).
- 2022: Revenue of $14.7M, expenses of $6.0M, and assets of $40.3M (revenue +1322.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.3M, and assets of $28.0M (revenue +4.8% year-over-year).
- 2020: Revenue of $985K, expenses of $166K, and assets of $27.4M (revenue -20.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $401K, and assets of $33.1M (revenue +118.9% year-over-year).
- 2018: Revenue of $569K, expenses of $400K, and assets of $27.9M (revenue -43.3% year-over-year).
- 2017: Revenue of $1.0M, expenses of $779K, and assets of $23.5M (revenue +68.9% year-over-year).
- 2016: Revenue of $594K, expenses of $339K, and assets of $11.3M (revenue +166.5% year-over-year).
- 2015: Revenue of $223K, expenses of $213K, and assets of $10.9M (revenue -66.4% year-over-year).
- 2014: Revenue of $663K, expenses of $540K, and assets of $11.0M (revenue -3.8% year-over-year).
- 2013: Revenue of $689K, expenses of $561K, and assets of $11.4M (revenue -34.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $648K, and assets of $14.8M (revenue +4.3% year-over-year).
- 2011: Revenue of $1.0M, expenses of $633K, and assets of $13.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lantern Organization Inc:
Data Sources and Methodology
This transparency report for Lantern Organization 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.