The Carter Lake Preservation Society Inc
Carter Lake Preservation Society consistently operates at a deficit, drawing down assets with minimal revenue.
EIN: 203786236 · Carter Lake, IA · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36 |
| Total Expenses | $646 |
| Program Spending | 100% |
| Net Assets | $12K |
| Transparency Score | 30/100 |
Is The Carter Lake Preservation Society Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Carter Lake Preservation Society Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Carter Lake Preservation Society Inc
The Carter Lake Preservation Society Inc (EIN: 203786236) is a nonprofit organization based in Carter Lake, IA, classified under NTEE code C32. The organization reported total revenue of $36 and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Carter Lake Preservation Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Carter Lake Preservation Society Inc is a micro nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -28.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34 |
| Total Expenses | $646 |
| Surplus / Deficit | $-612 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -1800.0% |
| Months of Reserves | 225.8 months |
Financial Health Grade: B
In 2023, The Carter Lake Preservation Society Inc reported a deficit of $612 with expenses exceeding revenue, holds 225.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), The Carter Lake Preservation Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -28.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +240.0% | -24.2% | -4.8% |
| 2022 | +233.3% | +6.8% | -6.2% |
| 2021 | -72.7% | +9.2% | -5.5% |
| 2020 | -75.0% | -54.3% | -4.8% |
| 2019 | +69.2% | +17.3% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Carter Lake Preservation Society Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, The Carter Lake Preservation Society Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 deficit of $612, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, indicating that executive leadership is likely entirely volunteer-based, which is appropriate for an organization with such minimal revenue and assets.
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 The Carter Lake Preservation Society Inc's IRS 990 filings:
- Consistent deficit spending (expenses significantly exceed revenue annually)
- Declining asset base over multiple years (from $24,759 in 2014 to $12,154 in 2023)
- Extremely low and inconsistent revenue generation (e.g., $34 in 2023, $10 in 2022)
Strengths
The following positive indicators were identified for The Carter Lake Preservation Society Inc:
- No reported officer compensation, indicating volunteer leadership
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about The Carter Lake Preservation Society Inc
Is The Carter Lake Preservation Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Carter Lake Preservation Society Inc (EIN: 203786236) significant concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
How does The Carter Lake Preservation Society Inc spend its money?
The Carter Lake Preservation Society Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Carter Lake Preservation Society Inc tax-deductible?
The Carter Lake Preservation Society Inc is registered as a tax-exempt nonprofit (EIN: 203786236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Carter Lake Preservation Society Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), The Carter Lake Preservation Society Inc is below average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Carter Lake Preservation Society Inc located?
The Carter Lake Preservation Society Inc is headquartered in Carter Lake, Iowa and files with the IRS under EIN 203786236. It is classified under NTEE code C32.
How many years of IRS 990 filings does The Carter Lake Preservation Society Inc have?
The Carter Lake Preservation Society 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 $36 in total revenue.
Is The Carter Lake Preservation Society Inc financially sustainable?
Based on the IRS 990 data, the organization is not financially sustainable. Its expenses have consistently exceeded its revenue for many years, leading to a continuous decline in assets from $24,759 in 2014 to $12,154 in 2023.
What are the primary sources of revenue for this organization?
The filings show extremely low revenue, often in the double-digits (e.g., $34 in 2023, $10 in 2022), suggesting that the organization relies on very small donations or membership fees, but the specific sources are not detailed enough to identify primary contributors.
Why are the assets declining?
Assets are declining because the organization's expenses consistently outweigh its revenue. For example, in 2023, revenue was $34 while expenses were $646, resulting in a net loss that was covered by drawing down existing assets.
Filing History
IRS 990 filing history for The Carter Lake Preservation Society Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Carter Lake Preservation Society Inc's revenue has declined by 98.8%, moving from $3K to $34. Total assets decreased by 62.6% over the same period, from $32K to $12K. Total functional expenses fell by 78.2%, from $3K to $646. In its most recent filing year (2023), The Carter Lake Preservation Society Inc reported a deficit of $612, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34 | $646 | $12K | $0 | — | — |
| 2022 | $10 | $852 | $13K | $0 | — | — |
| 2021 | $3 | $798 | $14K | $0 | — | — |
| 2020 | $11 | $731 | $14K | $0 | — | — |
| 2019 | $44 | $2K | $15K | $0 | — | View 990 |
| 2018 | $26 | $1K | $17K | $0 | — | View 990 |
| 2017 | $11 | $910 | $18K | $0 | — | View 990 |
| 2016 | $11 | $1K | $19K | $0 | — | View 990 |
| 2015 | $414 | $3K | $20K | $255 | — | View 990 |
| 2014 | $1K | $989 | $25K | $2K | — | View 990 |
| 2013 | $945 | $3K | $24K | $2K | — | View 990 |
| 2012 | $-1,282 | $6K | $29K | $4K | — | View 990 |
| 2011 | $1K | $2K | $31K | $0 | — | View 990 |
| 2010 | $3K | $3K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34, expenses of $646, and assets of $12K (revenue +240.0% year-over-year).
- 2022: Revenue of $10, expenses of $852, and assets of $13K (revenue +233.3% year-over-year).
- 2021: Revenue of $3, expenses of $798, and assets of $14K (revenue -72.7% year-over-year).
- 2020: Revenue of $11, expenses of $731, and assets of $14K (revenue -75.0% year-over-year).
- 2019: Revenue of $44, expenses of $2K, and assets of $15K (revenue +69.2% year-over-year).
- 2018: Revenue of $26, expenses of $1K, and assets of $17K (revenue +136.4% year-over-year).
- 2017: Revenue of $11, expenses of $910, and assets of $18K (revenue +0.0% year-over-year).
- 2016: Revenue of $11, expenses of $1K, and assets of $19K (revenue -97.3% year-over-year).
- 2015: Revenue of $414, expenses of $3K, and assets of $20K (revenue -68.7% year-over-year).
- 2014: Revenue of $1K, expenses of $989, and assets of $25K (revenue +39.9% year-over-year).
- 2013: Revenue of $945, expenses of $3K, and assets of $24K.
- 2012: Revenue of $-1,282, expenses of $6K, and assets of $29K (revenue -189.8% year-over-year).
- 2011: Revenue of $1K, expenses of $2K, and assets of $31K (revenue -49.9% year-over-year).
- 2010: Revenue of $3K, expenses of $3K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Carter Lake Preservation Society Inc:
Data Sources and Methodology
This transparency report for The Carter Lake Preservation Society 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.