Cocheco Quilters Guild

Is Cocheco Quilters Guild Legit?

Appears Legitimate

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

Cocheco Quilters Guild directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Cocheco Quilters Guild

Cocheco Quilters Guild (EIN: 222534286) is a nonprofit organization based in Dover, NH, classified under NTEE code A65Z. The organization reported total revenue of $56K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cocheco Quilters Guild's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Cocheco Quilters Guild is a micro 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 7.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Cocheco Quilters Guild reported a deficit of $59 with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Cocheco Quilters Guild's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.

IRS Tax-Exempt Classification

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 Cocheco Quilters Guild with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Cocheco Quilters Guild allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $59, with expenses exceeding revenue.

Executive Compensation Analysis

Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led organization.

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 Cocheco Quilters Guild:

• Consistent volunteer leadership with $0 reported executive compensation.
• Stable asset base over several years, indicating sound financial management for its size.
• Consistent revenue generation, with a notable increase in 2023 to $77,102.

Frequently Asked Questions about Cocheco Quilters Guild

Filing History

IRS 990 filing history for Cocheco Quilters Guild showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cocheco Quilters Guild's revenue has grown by 134.4%, moving from $33K to $77K. Total assets increased by 5.5% over the same period, from $49K to $51K. Total functional expenses rose by 181%, from $27K to $77K. In its most recent filing year (2023), Cocheco Quilters Guild reported a deficit of $59, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2023: Revenue of $77K, expenses of $77K, and assets of $51K (revenue +27.7% year-over-year).
• 2022: Revenue of $60K, expenses of $55K, and assets of $51K (revenue +25.6% year-over-year).
• 2021: Revenue of $48K, expenses of $47K, and assets of $46K (revenue +246.9% year-over-year).
• 2020: Revenue of $14K, expenses of $19K, and assets of $45K (revenue -69.4% year-over-year).
• 2019: Revenue of $45K, expenses of $44K, and assets of $50K (revenue +34.5% year-over-year).
• 2018: Revenue of $34K, expenses of $32K, and assets of $49K (revenue -15.0% year-over-year).
• 2017: Revenue of $40K, expenses of $37K, and assets of $46K (revenue +5.1% year-over-year).
• 2016: Revenue of $38K, expenses of $36K, and assets of $44K (revenue +12.8% year-over-year).
• 2015: Revenue of $33K, expenses of $35K, and assets of $42K (revenue -0.9% year-over-year).
• 2014: Revenue of $34K, expenses of $37K, and assets of $44K (revenue -2.1% year-over-year).
• 2013: Revenue of $34K, expenses of $35K, and assets of $48K (revenue +1.8% year-over-year).
• 2012: Revenue of $34K, expenses of $34K, and assets of $49K (revenue +2.7% year-over-year).
• 2011: Revenue of $33K, expenses of $27K, and assets of $49K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Cocheco Quilters Guild:

Data Sources and Methodology

This transparency report for Cocheco Quilters Guild 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.