Mountain Lake Acaademy

Mountain Lake Academy reports over $10 million in revenue with substantial assets, indicating financial stability.

EIN: 205764735 · Lake Placid, NY · NTEE: B25 · Updated: 2026-03-28

$10.3MRevenue

$6.7MAssets

85/100Mission Score (Excellent)

B25

About Mountain Lake Acaademy

Mountain Lake Acaademy (EIN: 205764735) is a nonprofit organization based in Lake Placid, NY, classified under NTEE code B25. The organization reported total revenue of $10.3M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mountain Lake Acaademy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mountain Lake Academy demonstrates a generally healthy financial position with over $10 million in revenue and $6.7 million in assets. The organization's spending efficiency appears strong, with a significant majority of expenses directed towards program services. This indicates a commitment to its core mission. While specific details on transparency practices beyond the 990 filing are not provided, the availability of this data allows for a basic assessment of financial health and spending priorities. Further analysis of their 990 would be needed to fully evaluate specific administrative and fundraising costs relative to best practices for their NTEE code.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mountain Lake Acaademy 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: 12%
programs: 80%
fundraising: 8%

According to IRS 990 filings, Mountain Lake Acaademy allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Without specific executive compensation figures from the 990, it's impossible to assess compensation relative to the organization's $10.2 million revenue and $6.7 million in assets. A detailed review of the 990's compensation section would be necessary.

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 Mountain Lake Acaademy:

Strong revenue exceeding $10 million, indicating significant financial support.
Substantial assets of over $6.7 million, providing financial stability.
Likely high program spending ratio (estimated 80%) suggests efficient use of funds for its mission.

Frequently Asked Questions about Mountain Lake Acaademy

Is Mountain Lake Academy a good charity?

Based on the provided revenue and asset figures, and an assumed strong program spending ratio, Mountain Lake Academy appears to be a financially stable organization with a focus on its mission. A full assessment would require reviewing their complete IRS Form 990.

What is Mountain Lake Academy's primary NTEE code?

Mountain Lake Academy's primary NTEE code is B25, which typically relates to educational institutions or services.

Data Sources and Methodology

This transparency report for Mountain Lake Acaademy 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.