Belknap County Economic Development Council Inc
Belknap County Economic Development Council Inc - Transparent Spending and Strong Mission Focus
EIN: 223177128 · Laconia, NH · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $528K |
| Program Spending | 65% |
| Net Assets | $4.5M |
| Transparency Score | 85/100 |
Is Belknap County Economic Development Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belknap County Economic Development Council Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Belknap County Economic Development Council Inc
Belknap County Economic Development Council Inc (EIN: 223177128) is a nonprofit organization based in Laconia, NH. The organization reported total revenue of $314K and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belknap County Economic Development Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belknap County Economic Development Council Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $476K |
| Total Expenses | $528K |
| Surplus / Deficit | $-51,912 |
| Total Assets | $6.0M |
| Total Liabilities | $1.5M |
| Net Assets | $4.5M |
| Operating Margin | -10.9% |
| Debt-to-Asset Ratio | 25.1% |
| Months of Reserves | 135.5 months |
Financial Health Grade: B
In 2023, Belknap County Economic Development Council Inc reported a deficit of $52K with expenses exceeding revenue, holds 135.5 months of operating reserves (strong position), has a debt-to-asset ratio of 25.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Belknap County Economic Development Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.3% | +4.9% | +4.8% |
| 2022 | -76.1% | -16.9% | +0.5% |
| 2021 | +46.3% | +26.4% | +40.8% |
| 2020 | -19.3% | +70.8% | +15.4% |
| 2019 | +538.1% | -21.8% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Belknap County Economic Development Council Inc with a Mission Score of 85 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Belknap County Economic Development Council Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.1%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant increases over the past five years.
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 Belknap County Economic Development Council Inc's IRS 990 filings:
- No significant changes in spending categories over the past five years.
Strengths
The following positive indicators were identified for Belknap County Economic Development Council Inc:
- The organization maintains a strong focus on its mission, consistently allocating a majority of its budget to programmatic activities.
Frequently Asked Questions about Belknap County Economic Development Council Inc
Is Belknap County Economic Development Council Inc a legitimate charity?
Belknap County Economic Development Council Inc (EIN: 223177128) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $314K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Belknap County Economic Development Council Inc spend its money?
Belknap County Economic Development Council Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Belknap County Economic Development Council Inc tax-deductible?
Belknap County Economic Development Council Inc is registered as a tax-exempt nonprofit (EIN: 223177128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Belknap County Economic Development Council Inc's spending goes to programs?
Belknap County Economic Development Council Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Belknap County Economic Development Council Inc located?
Belknap County Economic Development Council Inc is headquartered in Laconia, New Hampshire and files with the IRS under EIN 223177128.
How many years of IRS 990 filings does Belknap County Economic Development Council Inc have?
Belknap County Economic Development Council 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 $314K in total revenue.
What does Belknap County Economic Development Council Inc do?
Belknap County Economic Development Council Inc is a nonprofit organization in the Unknown sector, located in Laconia, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Belknap County Economic Development Council Inc have?
Belknap County Economic Development Council Inc reported total revenue of $313,790. Based on 13 IRS 990 filings on record.
What are Belknap County Economic Development Council Inc's total assets?
Belknap County Economic Development Council Inc holds total assets of $5,910,994 as reported in IRS 990 filings.
Where is Belknap County Economic Development Council Inc located?
Belknap County Economic Development Council Inc is based in Laconia, New Hampshire.
What is Belknap County Economic Development Council Inc's EIN?
Belknap County Economic Development Council Inc's Employer Identification Number (EIN) is 223177128. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Belknap County Economic Development Council Inc?
Belknap County Economic Development Council Inc is classified under NTEE code Unknown (Unknown).
Is Belknap County Economic Development Council Inc a registered 501(c)(3)?
Belknap County Economic Development Council Inc appears in IRS records (EIN: 223177128). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Belknap County Economic Development Council Inc file IRS Form 990?
Yes, Belknap County Economic Development Council Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Belknap County Economic Development Council Inc's revenue in 2023?
In the 202312 filing period, Belknap County Economic Development Council Inc reported total revenue of $476,411, total expenses of $528,323, and net assets of $5,967,465.
Is Belknap County Economic Development Council Inc's revenue growing or declining?
Belknap County Economic Development Council Inc's revenue is growing. Revenue went from $365,686 (202212) to $476,411 (202312), a +30.3% change. Based on 13 filings on record.
What is Belknap County Economic Development Council Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Belknap County Economic Development Council Inc covers tax period 202312. It shows revenue of $476,411, expenses of $528,323, total assets of $5,967,465, and liabilities of $1,496,517.
How much does Belknap County Economic Development Council Inc spend on programs vs administration?
Based on IRS 990 analysis, Belknap County Economic Development Council Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Belknap County Economic Development Council Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Belknap County Economic Development Council Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Belknap County Economic Development Council Inc?
The following concerns were identified: No significant changes in spending categories over the past five years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Belknap County Economic Development Council Inc's strengths?
Positive indicators for Belknap County Economic Development Council Inc include: The organization maintains a strong focus on its mission, consistently allocating a majority of its budget to programmatic activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Belknap County Economic Development Council Inc compensate executives?
Executive compensation remains at a modest level, with no significant increases over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs does Belknap County Economic Development Council Inc fund?
The organization funds various economic development initiatives, including business retention and expansion programs, workforce development, and infrastructure improvements.
How does the organization ensure transparency in its fundraising efforts?
The organization provides detailed reports on its fundraising activities, including the sources of donations and the amount raised each year.
What measures does the organization take to ensure the effectiveness of its programmatic spending?
The organization conducts regular evaluations of its programs to assess their impact and make necessary adjustments to improve outcomes.
Filing History
IRS 990 filing history for Belknap County Economic Development Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belknap County Economic Development Council Inc's revenue has grown by 120.3%, moving from $216K to $476K. Total assets increased by 136.2% over the same period, from $2.5M to $6.0M. Total functional expenses rose by 82.6%, from $289K to $528K. In its most recent filing year (2023), Belknap County Economic Development Council Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $6.0M in assets (debt-to-asset ratio: 25.1%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $476K | $528K | $6.0M | $1.5M | — | — |
| 2022 | $366K | $504K | $5.7M | $1.2M | — | View 990 |
| 2021 | $1.5M | $606K | $5.7M | $1.0M | — | View 990 |
| 2020 | $1.0M | $479K | $4.0M | $602K | — | View 990 |
| 2019 | $1.3M | $281K | $3.5M | $625K | — | View 990 |
| 2018 | $204K | $359K | $3.6M | $2.2M | — | View 990 |
| 2017 | $395K | $239K | $3.8M | $2.3M | — | View 990 |
| 2016 | $224K | $245K | $4.0M | $2.5M | — | View 990 |
| 2015 | $183K | $252K | $3.8M | $2.2M | — | View 990 |
| 2014 | $282K | $255K | $2.5M | $814K | — | View 990 |
| 2013 | $247K | $251K | $2.5M | $859K | — | View 990 |
| 2012 | $249K | $189K | $2.6M | $923K | — | View 990 |
| 2011 | $216K | $289K | $2.5M | $947K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $476K, expenses of $528K, and assets of $6.0M (revenue +30.3% year-over-year).
- 2022: Revenue of $366K, expenses of $504K, and assets of $5.7M (revenue -76.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $606K, and assets of $5.7M (revenue +46.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $479K, and assets of $4.0M (revenue -19.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $281K, and assets of $3.5M (revenue +538.1% year-over-year).
- 2018: Revenue of $204K, expenses of $359K, and assets of $3.6M (revenue -48.5% year-over-year).
- 2017: Revenue of $395K, expenses of $239K, and assets of $3.8M (revenue +76.4% year-over-year).
- 2016: Revenue of $224K, expenses of $245K, and assets of $4.0M (revenue +22.8% year-over-year).
- 2015: Revenue of $183K, expenses of $252K, and assets of $3.8M (revenue -35.3% year-over-year).
- 2014: Revenue of $282K, expenses of $255K, and assets of $2.5M (revenue +14.2% year-over-year).
- 2013: Revenue of $247K, expenses of $251K, and assets of $2.5M (revenue -0.9% year-over-year).
- 2012: Revenue of $249K, expenses of $189K, and assets of $2.6M (revenue +15.3% year-over-year).
- 2011: Revenue of $216K, expenses of $289K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belknap County Economic Development Council Inc:
Data Sources and Methodology
This transparency report for Belknap County Economic Development Council 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.