Clearlakes Chorale Inc
Clearlakes Chorale Inc. consistently operates with surpluses and growing assets, maintaining zero liabilities and no officer compensation.
EIN: 20386128 · Wolfeboro, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35K |
| Total Expenses | $28K |
| Program Spending | 80% |
| Net Assets | $37K |
| Transparency Score | 85/100 |
Is Clearlakes Chorale Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clearlakes Chorale Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clearlakes Chorale Inc
Clearlakes Chorale Inc (EIN: 20386128) is a nonprofit organization based in Wolfeboro, NH. The organization reported total revenue of $35K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clearlakes Chorale Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clearlakes Chorale Inc is a micro nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $28K |
| Surplus / Deficit | +$10K |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | 26.1% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2024, Clearlakes Chorale Inc reported a surplus of $10K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Clearlakes Chorale Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +72.7% | +33.7% | +36.2% |
| 2023 | +2609.7% | +795.5% | +3.7% |
| 2022 | -55.8% | +174.6% | -5.5% |
| 2021 | -95.3% | -97.5% | +3.6% |
| 2020 | -5.7% | -7.3% | +21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
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 Clearlakes Chorale 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: 80%
- fundraising: 5%
According to IRS 990 filings, Clearlakes Chorale Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for a small nonprofit of its size.
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 Clearlakes Chorale Inc:
- Consistent financial surpluses, such as $9,768 in 202405 (Revenue $37,482 - Expenses $27,714).
- Growing asset base, from $10,330 in 201505 to $36,748 in 202405.
- Zero reported liabilities across all filing periods.
- 0% officer compensation, indicating a volunteer-driven leadership.
- Strong financial stability for a small nonprofit.
Frequently Asked Questions about Clearlakes Chorale Inc
Is Clearlakes Chorale Inc a legitimate charity?
Clearlakes Chorale Inc (EIN: 20386128) 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: $35K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Clearlakes Chorale Inc spend its money?
Clearlakes Chorale Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Clearlakes Chorale Inc tax-deductible?
Clearlakes Chorale Inc is registered as a tax-exempt nonprofit (EIN: 20386128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Clearlakes Chorale Inc's spending goes to programs?
Clearlakes Chorale Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Clearlakes Chorale Inc located?
Clearlakes Chorale Inc is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20386128.
How many years of IRS 990 filings does Clearlakes Chorale Inc have?
Clearlakes Chorale 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 $35K in total revenue.
Is Clearlakes Chorale Inc. a good charity?
Based on the available financial data, Clearlakes Chorale Inc. appears to be a well-managed and financially healthy organization. It consistently operates with surpluses, has growing assets, and reports no liabilities or paid officer compensation, suggesting strong fiscal responsibility and a volunteer-driven model.
How has Clearlakes Chorale Inc.'s financial health changed over time?
The organization's financial health has generally improved over time. Assets have grown from $10,330 in 201505 to $36,748 in 202405. While revenue and expenses fluctuate, the organization has consistently maintained a positive net asset position and zero liabilities, indicating stable growth.
Does Clearlakes Chorale Inc. have any debt?
No, Clearlakes Chorale Inc. has consistently reported $0 in liabilities across all available IRS 990 filings, indicating it operates debt-free.
Filing History
IRS 990 filing history for Clearlakes Chorale Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Clearlakes Chorale Inc's revenue has declined by 33.2%, moving from $56K to $37K. Total assets decreased by 11.8% over the same period, from $42K to $37K. Total functional expenses fell by 48.1%, from $53K to $28K. In its most recent filing year (2024), Clearlakes Chorale Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $37K | $28K | $37K | $0 | — | — |
| 2023 | $22K | $21K | $27K | $0 | — | View 990 |
| 2022 | $801 | $2K | $26K | $0 | — | — |
| 2021 | $2K | $843 | $28K | $0 | — | — |
| 2020 | $39K | $34K | $27K | $0 | — | View 990 |
| 2019 | $41K | $37K | $22K | $0 | — | View 990 |
| 2018 | $43K | $37K | $18K | $0 | — | View 990 |
| 2017 | $36K | $36K | $11K | $0 | — | View 990 |
| 2016 | $48K | $47K | $11K | $0 | — | View 990 |
| 2015 | $35K | $49K | $10K | $0 | — | View 990 |
| 2014 | $33K | $42K | $25K | $983 | — | View 990 |
| 2013 | $43K | $51K | $34K | $571 | — | View 990 |
| 2012 | $56K | $53K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $37K, expenses of $28K, and assets of $37K (revenue +72.7% year-over-year).
- 2023: Revenue of $22K, expenses of $21K, and assets of $27K (revenue +2609.7% year-over-year).
- 2022: Revenue of $801, expenses of $2K, and assets of $26K (revenue -55.8% year-over-year).
- 2021: Revenue of $2K, expenses of $843, and assets of $28K (revenue -95.3% year-over-year).
- 2020: Revenue of $39K, expenses of $34K, and assets of $27K (revenue -5.7% year-over-year).
- 2019: Revenue of $41K, expenses of $37K, and assets of $22K (revenue -4.9% year-over-year).
- 2018: Revenue of $43K, expenses of $37K, and assets of $18K (revenue +19.8% year-over-year).
- 2017: Revenue of $36K, expenses of $36K, and assets of $11K (revenue -24.4% year-over-year).
- 2016: Revenue of $48K, expenses of $47K, and assets of $11K (revenue +34.5% year-over-year).
- 2015: Revenue of $35K, expenses of $49K, and assets of $10K (revenue +8.9% year-over-year).
- 2014: Revenue of $33K, expenses of $42K, and assets of $25K (revenue -23.8% year-over-year).
- 2013: Revenue of $43K, expenses of $51K, and assets of $34K (revenue -23.8% year-over-year).
- 2012: Revenue of $56K, expenses of $53K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clearlakes Chorale Inc:
Data Sources and Methodology
This transparency report for Clearlakes Chorale 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.