Lp-ec Quality Destination Inc
Only null% goes to programs Strong reserves Declining revenue
Lp-ec Quality Destination Inc is a 501(c)(3) organization based in Lake Placid, New York, registered in 2007, with $9,629 in FY2024 revenue. CharityIndex grades it F.
2608 Main St, Lake Placid, NY, 12946 EIN 20-4915538 Since 2007
Revenue (FY2024)
$9,629
▼ 87.1% vs prior year
Community median: $184K
Expenses (FY2024)
$16K
Net assets
$20K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lp-ec Quality Destination Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating16 mo reserves · -62% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lp-ec Quality Destination Inc: 16 mo reserves · -62% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lp-ec Quality Destination Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lp-ec Quality Destination Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2608 Main St, Lake Placid, NY, 12946
- City
- Lake Placid
- State
- New York
- Subcategory
- Economic Development
Financial trends
Revenue declined from $20K (FY2010) to $9,629 (FY2024) across 15 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $986Net assets $20K
Operating margin
-61.6%
Spent more than it raised in the latest fiscal year.
Total assets
$21K
Total liabilities
$986
Net assets
$20K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,629▼87.1% | $15,561▼38.1% | $20,496▼22.4% | $21,482▼23.2% | 990 |
| 2023 | $74,735▼51.6% | $25,121▼84.1% | $26,428▲214% | $27,989▼30.9% | 990 |
| 2022 | $154,393▲789% | $158,049▲216% | -$23,186▼18.7% | $40,514▼85.5% | 990 |
| 2021 | $17,375▼96.0% | $49,948▼87.9% | -$19,530▼249% | $280,296▲20.6% | 990 |
| 2020 | $438,202▼41.7% | $411,265▼45.5% | $13,143▲158% | $232,408▼57.9% | 990 |
| 2019 | $751,746▲43.7% | $755,037▲39.1% | -$22,794▼16.9% | $552,482▼1.1% | 990 |
| 2018 | $523,188▼29.9% | $542,908▼23.5% | -$19,503▼7404% | $558,867▲73.3% | 990 |
| 2017 | $745,966▲134% | $709,661▲90.2% | $267▲101% | $322,491▲30.2% | 990 |
| 2016 | $318,738▲69.9% | $373,017▲92.4% | -$36,538▼300% | $247,651▲286% | 990 |
| 2015 | $187,609▼6.5% | $193,863▲7.2% | $18,241▼37.5% | $64,210▲11.6% | 990 |
| 2014 | $200,746▼16.2% | $180,769▼25.8% | $29,195▲217% | $57,555▲48.6% | 990 |
| 2013 | $239,585▲176% | $243,615▲157% | $9,218▼30.4% | $38,738▲75.7% | 990 |
| 2012 | $86,757▼23.0% | $94,760▼7.5% | $13,248▼37.7% | $22,048▲3.8% | 990EZ |
| 2011 | $112,704▲464% | $102,411▲264% | $21,251▲93.9% | $21,251▲28.9% | 990EZ |
| 2010 | $19,985 | $28,162 | $10,958 | $16,483 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Lp-ec Quality Destination Inc a legitimate nonprofit?
- Yes. Lp-ec Quality Destination Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-4915538, based in Lake Placid, New York. Donations are tax-deductible.
- What is Lp-ec Quality Destination Inc's EIN?
- Lp-ec Quality Destination Inc's Employer Identification Number (EIN) is 20-4915538.
- How much revenue does Lp-ec Quality Destination Inc report?
- Lp-ec Quality Destination Inc reported $9,629 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lp-ec Quality Destination Inc have?
- CharityIndex grades Lp-ec Quality Destination Inc F, based on financial health (reserves and operating margin).
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Data for Lp-ec Quality Destination Inc (EIN 20-4915538) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.