Is Lake Winnipesaukee Sailing Association Inc Legit?
Quick charity verification for Lake Winnipesaukee Sailing Association Inc (EIN: 20439135)
Verdict: Lake Winnipesaukee Sailing Association Inc appears trustworthy
92/100Mission Score
$289KRevenue
$956KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $675,314 in 2015 to $930,151 in 2023.
No reported officer compensation across all 13 filings, indicating high efficiency and volunteer leadership.
Consistently operates with a financial surplus, with revenues exceeding expenses in all reported periods (e.g., $224,996 revenue vs. $190,306 expenses in 2023).
Very low to zero liabilities in recent years, demonstrating strong financial management and minimal debt.
Regular and consistent IRS 990 filings, indicating strong transparency and accountability.
Spending Breakdown
How Lake Winnipesaukee Sailing Association Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lake Winnipesaukee Sailing Association Inc
Is Lake Winnipesaukee Sailing Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Winnipesaukee Sailing Association Inc (EIN: 20439135) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Lake Winnipesaukee Sailing Association Inc a good charity to donate to?
Lake Winnipesaukee Sailing Association Inc has a Mission Score of 92/100. Revenue: $289K. Assets: $956K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Winnipesaukee Sailing Association Inc?
The Employer Identification Number (EIN) for Lake Winnipesaukee Sailing Association Inc is 20439135. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lake Winnipesaukee Sailing Association Inc spend its money?
Lake Winnipesaukee Sailing Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Winnipesaukee Sailing Association Inc's tax-exempt status?
You can verify Lake Winnipesaukee Sailing Association Inc's tax-exempt status using EIN 20439135 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Lake Winnipesaukee Sailing Association Inc demonstrates consistent financial health, with assets growing steadily from $675,314 in 2015 to $930,151 in 2023. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses across all reported periods, such as $224,996 in revenue against $190,306 in expenses in 2023. This indicates sound financial management and an ability to build reserves.
Spending efficiency appears strong, particularly given the consistent growth in assets and the lack of reported officer compensation, suggesting that resources are primarily directed towards programmatic activities and operational needs rather than executive salaries. The organization's liabilities have remained very low in recent years, often at $0, which is a positive indicator of financial stability and responsible debt management. While specific program spending percentages are not detailed in the provided data, the overall financial picture suggests a lean operation.
Transparency is high regarding executive compensation, as no officer compensation has been reported across all 13 filings. This is a significant positive for donor confidence. The consistent filing of IRS Form 990s over many years also demonstrates a commitment to public accountability. The organization's ability to maintain a healthy asset base while keeping liabilities minimal further reinforces its transparent and responsible financial stewardship.