Lodestar Childrens Services Inc
EIN: 811286372 · Farmingdale, NY · NTEE: P20
Is Lodestar Childrens Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lodestar Childrens Services Inc
Lodestar Childrens Services Inc (EIN: 811286372) is a nonprofit organization based in Farmingdale, NY, classified under NTEE code P20. The organization reported total revenue of $2.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lodestar Childrens Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lodestar Childrens Services Inc is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 278.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$295K |
| Total Assets | $894K |
| Total Liabilities | $282K |
| Net Assets | $612K |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 31.6% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Lodestar Childrens Services Inc reported a surplus of $295K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 31.6% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Lodestar Childrens Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 278.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.2% | +66.9% | +66.1% |
| 2022 | +101.8% | +98.3% | +255.5% |
| 2021 | +54.0% | +58.8% | +19.3% |
| 2020 | +45.0% | +52.4% | +83.9% |
| 2019 | -15.6% | -20.1% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lodestar Childrens Services 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 Lodestar Childrens Services 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 $295K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.6%.
Frequently Asked Questions about Lodestar Childrens Services Inc
Is Lodestar Childrens Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lodestar Childrens Services Inc (EIN: 811286372) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lodestar Childrens Services Inc spend its money?
Detailed spending breakdown data is not yet available for Lodestar Childrens Services Inc. Check back for updated IRS 990 analysis.
Are donations to Lodestar Childrens Services Inc tax-deductible?
Lodestar Childrens Services Inc is registered as a tax-exempt nonprofit (EIN: 811286372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lodestar Childrens Services Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Lodestar Childrens Services Inc's revenue has grown by 1116555%, moving from $200 to $2.2M. Total assets increased by 446949% over the same period, from $200 to $894K. Total functional expenses rose by 131308.1%, from $1K to $1.9M. In its most recent filing year (2023), Lodestar Childrens Services Inc reported a surplus of $295K, with revenue exceeding expenses. The organization holds $282K in liabilities against $894K in assets (debt-to-asset ratio: 31.6%), resulting in net assets of $612K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.9M | $894K | $282K | — | — |
| 2022 | $1.2M | $1.2M | $538K | $222K | — | — |
| 2021 | $608K | $586K | $151K | $4K | — | View 990 |
| 2020 | $394K | $369K | $127K | $33K | — | — |
| 2019 | $272K | $242K | $69K | $807 | — | View 990 |
| 2018 | $322K | $303K | $56K | $39K | — | View 990 |
| 2017 | $28K | $29K | $4K | $6K | — | View 990 |
| 2016 | $200 | $1K | $200 | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.9M, and assets of $894K (revenue +82.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $538K (revenue +101.8% year-over-year).
- 2021: Revenue of $608K, expenses of $586K, and assets of $151K (revenue +54.0% year-over-year).
- 2020: Revenue of $394K, expenses of $369K, and assets of $127K (revenue +45.0% year-over-year).
- 2019: Revenue of $272K, expenses of $242K, and assets of $69K (revenue -15.6% year-over-year).
- 2018: Revenue of $322K, expenses of $303K, and assets of $56K (revenue +1035.4% year-over-year).
- 2017: Revenue of $28K, expenses of $29K, and assets of $4K (revenue +14096.0% year-over-year).
- 2016: Revenue of $200, expenses of $1K, and assets of $200.
Data Sources and Methodology
This transparency report for Lodestar Childrens 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.