Belgrade Lakes Association

Belgrade Lakes Association consistently grows assets with zero reported officer compensation.

EIN: 10377308 · Belgrade Lks, ME · Updated: 2026-03-28

$774KRevenue

$875KAssets

90/100Mission Score (Excellent)

Is Belgrade Lakes Association Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Belgrade Lakes Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Belgrade Lakes Association

Belgrade Lakes Association (EIN: 10377308) is a nonprofit organization based in Belgrade Lks, ME. The organization reported total revenue of $774K and total assets of $875K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belgrade Lakes Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Belgrade Lakes Association demonstrates consistent financial health, with revenues generally exceeding expenses in recent years, leading to a steady growth in assets. For example, in 2023, revenue was $283,359 against expenses of $165,027, contributing to an increase in assets to $783,213. The organization's liabilities have remained very low, indicating strong financial management and minimal debt burden. The absence of reported officer compensation across all available filings suggests a high degree of volunteerism at the leadership level, which is a positive indicator for donor confidence and efficient use of funds. While specific program spending ratios are not detailed in the provided data, the overall financial trends suggest a well-managed organization focused on its mission without significant overheads from executive salaries. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Belgrade Lakes Association with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Belgrade Lakes Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient and maximizes funds available for programs.

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 Belgrade Lakes Association:

Zero reported officer compensation, maximizing funds for mission.
Consistent asset growth, from $308,408 in 2014 to $783,213 in 2023.
Revenues consistently exceeding expenses in recent years (e.g., 2023 revenue $283,359 vs. expenses $165,027).
Very low liabilities across all filing periods, indicating strong financial management.
Consistent IRS 990 filing history (13 filings), demonstrating transparency.

Frequently Asked Questions about Belgrade Lakes Association

Is Belgrade Lakes Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Belgrade Lakes Association (EIN: 10377308) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

How does Belgrade Lakes Association spend its money?

Belgrade Lakes Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Belgrade Lakes Association tax-deductible?

Belgrade Lakes Association is registered as a tax-exempt nonprofit (EIN: 10377308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Belgrade Lakes Association a good charity?

Based on the provided financial data, Belgrade Lakes Association appears to be a very good charity. It consistently manages its finances well, grows its assets, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of donor funds.

How has the organization's financial health changed over time?

The organization has shown consistent financial growth, with assets increasing from $308,408 in 2014 to $783,213 in 2023. Revenues have generally outpaced expenses, particularly in recent years (e.g., 2023 revenue of $283,359 vs. expenses of $165,027), indicating improving financial stability.

What is the organization's approach to executive compensation?

The Belgrade Lakes Association reports 0% officer compensation in all available filings, indicating that its executive leadership operates on a volunteer basis, which is a highly efficient model for a nonprofit.

Filing History

IRS 990 filing history for Belgrade Lakes Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Belgrade Lakes Association's revenue has grown by 137.3%, moving from $119K to $283K. Total assets increased by 217.9% over the same period, from $246K to $783K. Total functional expenses rose by 80.7%, from $91K to $165K. In its most recent filing year (2023), Belgrade Lakes Association reported a surplus of $118K, with revenue exceeding expenses. The organization holds $196 in liabilities against $783K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $783K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$283K	$165K	$783K	$196	—	View 990
2022	$262K	$164K	$665K	$777	—	—
2021	$288K	$224K	$567K	$766	—	—
2020	$199K	$250K	$502K	$201	—	View 990
2019	$197K	$248K	$552K	$8	—	View 990
2018	$245K	$233K	$603K	$358	—	View 990
2017	$194K	$198K	$591K	$780	—	—
2016	$328K	$162K	$598K	$4K	—	View 990
2015	$328K	$209K	$431K	$3K	—	View 990
2014	$243K	$203K	$308K	$213	—	View 990
2013	$304K	$259K	$292K	$25K	—	View 990
2012	$333K	$277K	$272K	$45K	—	View 990
2011	$119K	$91K	$246K	$60K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $283K, expenses of $165K, and assets of $783K (revenue +8.1% year-over-year).
2022: Revenue of $262K, expenses of $164K, and assets of $665K (revenue -9.1% year-over-year).
2021: Revenue of $288K, expenses of $224K, and assets of $567K (revenue +44.7% year-over-year).
2020: Revenue of $199K, expenses of $250K, and assets of $502K (revenue +0.9% year-over-year).
2019: Revenue of $197K, expenses of $248K, and assets of $552K (revenue -19.5% year-over-year).
2018: Revenue of $245K, expenses of $233K, and assets of $603K (revenue +26.2% year-over-year).
2017: Revenue of $194K, expenses of $198K, and assets of $591K (revenue -40.8% year-over-year).
2016: Revenue of $328K, expenses of $162K, and assets of $598K (revenue +-0.0% year-over-year).
2015: Revenue of $328K, expenses of $209K, and assets of $431K (revenue +34.9% year-over-year).
2014: Revenue of $243K, expenses of $203K, and assets of $308K (revenue -19.9% year-over-year).
2013: Revenue of $304K, expenses of $259K, and assets of $292K (revenue -8.7% year-over-year).
2012: Revenue of $333K, expenses of $277K, and assets of $272K (revenue +178.5% year-over-year).
2011: Revenue of $119K, expenses of $91K, and assets of $246K.

Data Sources and Methodology

This transparency report for Belgrade Lakes Association 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.