Lost Valley Racing Club Inc
Lost Valley Racing Club Inc maintains healthy surplus and zero liabilities with volunteer leadership.
EIN: 10395918 · Auburn, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $104K |
| Total Expenses | $41K |
| Program Spending | 85% |
| Net Assets | $57K |
| Transparency Score | 90/100 |
Is Lost Valley Racing Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lost Valley Racing Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lost Valley Racing Club Inc
Lost Valley Racing Club Inc (EIN: 10395918) is a nonprofit organization based in Auburn, ME. The organization reported total revenue of $104K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lost Valley Racing Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lost Valley Racing Club Inc is a small nonprofit that has been operating for 38 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $41K |
| Surplus / Deficit | +$30K |
| Total Assets | $57K |
| Net Assets | $57K |
| Operating Margin | 41.9% |
| Months of Reserves | 16.6 months |
Financial Health Grade: A
In 2023, Lost Valley Racing Club Inc reported a surplus of $30K with revenue exceeding expenses, holds 16.6 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Lost Valley Racing Club Inc with a Mission Score of 90 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, Lost Valley Racing Club 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 $30K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% of expenses, indicating a volunteer-led organization or one where leadership is not compensated, which is highly favorable for resource allocation.
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 Lost Valley Racing Club Inc:
- Healthy financial surplus ($71,352 revenue vs. $41,450 expenses in 2023)
- Zero liabilities reported in latest filing
- No officer compensation reported, indicating volunteer leadership or highly efficient operations
- Strong asset base relative to revenue ($80,687 assets vs. $103,885 latest revenue)
Frequently Asked Questions about Lost Valley Racing Club Inc
Is Lost Valley Racing Club Inc a legitimate charity?
Lost Valley Racing Club Inc (EIN: 10395918) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. Total revenue: $104K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Lost Valley Racing Club Inc spend its money?
Lost Valley Racing Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lost Valley Racing Club Inc tax-deductible?
Lost Valley Racing Club Inc is registered as a tax-exempt nonprofit (EIN: 10395918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lost Valley Racing Club Inc's spending goes to programs?
Lost Valley Racing Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lost Valley Racing Club Inc located?
Lost Valley Racing Club Inc is headquartered in Auburn, Maine and files with the IRS under EIN 10395918.
Is Lost Valley Racing Club Inc a good charity?
Based on the available data, Lost Valley Racing Club Inc appears to be a well-managed organization with a healthy financial position, zero liabilities, and no reported officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How does Lost Valley Racing Club Inc manage its expenses?
For the 2023 period, Lost Valley Racing Club Inc reported expenses of $41,450 against revenues of $71,352, indicating that expenses are well-controlled and significantly less than income, leading to a surplus.
What is the financial stability of Lost Valley Racing Club Inc?
The organization shows strong financial stability with $80,687 in assets and $0 in liabilities, coupled with a consistent surplus in its latest filing period.
Filing History
IRS 990 filing history for Lost Valley Racing Club Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Lost Valley Racing Club Inc reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $41K | $57K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lost Valley Racing Club Inc:
Data Sources and Methodology
This transparency report for Lost Valley Racing Club 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.