Applewood Learning Center Inc
Applewood Learning Center Inc consistently operates with no reported officer compensation, maintaining stable finances and growing assets.
EIN: 20433124 · Londonderry, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $940K |
| Total Expenses | $860K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $801K |
| Transparency Score | 92/100 |
Is Applewood Learning Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Applewood Learning Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Applewood Learning Center Inc
Applewood Learning Center Inc (EIN: 20433124) is a nonprofit organization based in Londonderry, NH. The organization reported total revenue of $940K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Applewood Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Applewood Learning Center Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $790K |
| Total Expenses | $860K |
| Surplus / Deficit | $-69,314 |
| Total Assets | $1.1M |
| Total Liabilities | $258K |
| Net Assets | $801K |
| Operating Margin | -8.8% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, Applewood Learning Center Inc reported a deficit of $69K with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Applewood Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.3% | +5.0% | -5.1% |
| 2022 | +17.9% | +7.2% | +13.7% |
| 2021 | +42.2% | +1.0% | +16.3% |
| 2020 | -15.5% | -1.1% | -7.4% |
| 2019 | -3.0% | +4.3% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1991 |
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 Applewood Learning Center Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Applewood Learning Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with over $1 million in assets and nearly $1 million in annual revenue.
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 Applewood Learning Center Inc's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Applewood Learning Center Inc:
- Consistent 0% officer compensation, indicating high efficiency in resource allocation.
- Healthy and growing asset base, currently at $1,117,242.
- Generally positive net income, with revenues often exceeding expenses.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Applewood Learning Center Inc
Is Applewood Learning Center Inc a legitimate charity?
Applewood Learning Center Inc (EIN: 20433124) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $940K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Applewood Learning Center Inc spend its money?
Applewood Learning Center Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Applewood Learning Center Inc tax-deductible?
Applewood Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 20433124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Applewood Learning Center Inc CEO make?
Applewood Learning Center Inc's highest-compensated officer earns $1 annually. The organization reported $940K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Applewood Learning Center Inc's spending goes to programs?
Applewood Learning Center Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Applewood Learning Center Inc located?
Applewood Learning Center Inc is headquartered in Londonderry, New Hampshire and files with the IRS under EIN 20433124.
How many years of IRS 990 filings does Applewood Learning Center Inc have?
Applewood Learning Center Inc has 13 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 $940K in total revenue.
Is Applewood Learning Center Inc a good charity?
Based on the provided financial data, Applewood Learning Center Inc appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong dedication to its mission, and has maintained a healthy financial position with growing assets over time.
How has Applewood Learning Center Inc's financial health changed over time?
Applewood Learning Center Inc has shown consistent financial health, with revenues generally exceeding expenses, leading to a growth in assets from $461,674 in 2015 to $1,117,242 currently. While there were periods where expenses slightly exceeded revenue (e.g., 2023 and 2020), the organization has maintained a strong asset base.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, allowing a greater proportion of funds to be directed towards programs and operations.
Filing History
IRS 990 filing history for Applewood Learning Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Applewood Learning Center Inc's revenue has grown by 15%, moving from $687K to $790K. Total assets increased by 123% over the same period, from $475K to $1.1M. Total functional expenses rose by 25%, from $688K to $860K. In its most recent filing year (2023), Applewood Learning Center Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $258K in liabilities against $1.1M in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $801K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $790K | $860K | $1.1M | $258K | — | View 990 |
| 2022 | $1.1M | $818K | $1.1M | $283K | — | View 990 |
| 2021 | $909K | $764K | $981K | $418K | — | View 990 |
| 2020 | $639K | $756K | $843K | $425K | — | View 990 |
| 2019 | $757K | $765K | $911K | $376K | — | View 990 |
| 2018 | $780K | $733K | $961K | $418K | — | View 990 |
| 2017 | $742K | $688K | $603K | $107K | — | View 990 |
| 2016 | $830K | $700K | $574K | $133K | — | View 990 |
| 2015 | $682K | $677K | $462K | $151K | — | View 990 |
| 2014 | $722K | $687K | $480K | $174K | — | View 990 |
| 2013 | $714K | $687K | $471K | $200K | — | View 990 |
| 2012 | $671K | $655K | $461K | $184K | — | View 990 |
| 2011 | $687K | $688K | $475K | $211K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $790K, expenses of $860K, and assets of $1.1M (revenue -26.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $818K, and assets of $1.1M (revenue +17.9% year-over-year).
- 2021: Revenue of $909K, expenses of $764K, and assets of $981K (revenue +42.2% year-over-year).
- 2020: Revenue of $639K, expenses of $756K, and assets of $843K (revenue -15.5% year-over-year).
- 2019: Revenue of $757K, expenses of $765K, and assets of $911K (revenue -3.0% year-over-year).
- 2018: Revenue of $780K, expenses of $733K, and assets of $961K (revenue +5.1% year-over-year).
- 2017: Revenue of $742K, expenses of $688K, and assets of $603K (revenue -10.6% year-over-year).
- 2016: Revenue of $830K, expenses of $700K, and assets of $574K (revenue +21.9% year-over-year).
- 2015: Revenue of $682K, expenses of $677K, and assets of $462K (revenue -5.6% year-over-year).
- 2014: Revenue of $722K, expenses of $687K, and assets of $480K (revenue +1.1% year-over-year).
- 2013: Revenue of $714K, expenses of $687K, and assets of $471K (revenue +6.5% year-over-year).
- 2012: Revenue of $671K, expenses of $655K, and assets of $461K (revenue -2.4% year-over-year).
- 2011: Revenue of $687K, expenses of $688K, and assets of $475K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Applewood Learning Center Inc:
Data Sources and Methodology
This transparency report for Applewood Learning Center 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.