Friends Of Conway Recreation Inc
Friends Of Conway Recreation Inc maintains asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 20499356 · Center Conway, NH · NTEE: N11 · Updated: 2026-03-28
Is Friends Of Conway Recreation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Conway Recreation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Conway Recreation Inc
Friends Of Conway Recreation Inc (EIN: 20499356) is a nonprofit organization based in Center Conway, NH, classified under NTEE code N11. The organization reported total revenue of $56K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Conway Recreation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Conway Recreation Inc is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $44K |
| Surplus / Deficit | +$16K |
| Total Assets | $120K |
| Total Liabilities | $2K |
| Net Assets | $118K |
| Operating Margin | 26.1% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 32.7 months |
Financial Health Grade: A
In 2023, Friends Of Conway Recreation Inc reported a surplus of $16K with revenue exceeding expenses, holds 32.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Conway Recreation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.8% | -55.4% | +16.0% |
| 2022 | -49.3% | -33.7% | -5.6% |
| 2021 | -15.7% | -21.8% | +46.7% |
| 2020 | +17.6% | +9.2% | +54.8% |
| 2019 | -48.1% | -48.9% | +26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Friends Of Conway Recreation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of Conway Recreation 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 surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
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 commendable for a 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.
Red Flags
The following concerns were identified during AI analysis of Friends Of Conway Recreation Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations, which could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Friends Of Conway Recreation Inc:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Consistent asset growth, demonstrating sound financial management and building of reserves.
- History of operating with a surplus in many periods, such as 2023 ($59,474 revenue vs. $43,966 expenses).
- Low liabilities across all reported periods, indicating minimal debt burden.
Frequently Asked Questions about Friends Of Conway Recreation Inc
Is Friends Of Conway Recreation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Conway Recreation Inc (EIN: 20499356) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Friends Of Conway Recreation Inc spend its money?
Friends Of Conway Recreation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Conway Recreation Inc tax-deductible?
Friends Of Conway Recreation Inc is registered as a tax-exempt nonprofit (EIN: 20499356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Conway Recreation Inc a good charity?
Based on the available financial data, Friends Of Conway Recreation Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong volunteer commitment at the leadership level, and has shown consistent asset growth, suggesting sound financial management. The organization generally operates with a surplus, directing resources effectively.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown significant fluctuations, peaking at $354,970 in 2018 and $216,533 in 2020, but has since declined to $59,474 in 2023. This indicates a variable funding environment.
What is the organization's approach to executive compensation?
Friends Of Conway Recreation Inc reports 0% officer compensation across all 13 filings, meaning its executive leadership is entirely volunteer-based and receives no salary from the organization.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $24,362 in 2017 to $119,814 in 2023, indicating effective financial stewardship and accumulation of reserves.
Filing History
IRS 990 filing history for Friends Of Conway Recreation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Conway Recreation Inc's revenue has grown by 319.2%, moving from $14K to $59K. Total assets increased by 168.2% over the same period, from $45K to $120K. Total functional expenses rose by 207.5%, from $14K to $44K. In its most recent filing year (2023), Friends Of Conway Recreation Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $2K in liabilities against $120K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $44K | $120K | $2K | — | — |
| 2022 | $93K | $99K | $103K | $1K | — | View 990 |
| 2021 | $182K | $149K | $109K | $1K | — | View 990 |
| 2020 | $217K | $190K | $75K | $0 | — | — |
| 2019 | $184K | $174K | $48K | $0 | — | View 990 |
| 2018 | $355K | $341K | $38K | $0 | — | View 990 |
| 2017 | $21K | $23K | $24K | $0 | — | — |
| 2016 | $15K | $20K | $26K | $0 | — | View 990 |
| 2015 | $21K | $32K | $32K | $0 | — | View 990 |
| 2014 | $18K | $14K | $43K | $0 | — | View 990 |
| 2013 | $14K | $12K | $39K | $0 | — | View 990 |
| 2012 | $23K | $31K | $37K | $0 | — | View 990 |
| 2011 | $14K | $14K | $45K | $92 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $44K, and assets of $120K (revenue -35.8% year-over-year).
- 2022: Revenue of $93K, expenses of $99K, and assets of $103K (revenue -49.3% year-over-year).
- 2021: Revenue of $182K, expenses of $149K, and assets of $109K (revenue -15.7% year-over-year).
- 2020: Revenue of $217K, expenses of $190K, and assets of $75K (revenue +17.6% year-over-year).
- 2019: Revenue of $184K, expenses of $174K, and assets of $48K (revenue -48.1% year-over-year).
- 2018: Revenue of $355K, expenses of $341K, and assets of $38K (revenue +1607.3% year-over-year).
- 2017: Revenue of $21K, expenses of $23K, and assets of $24K (revenue +37.7% year-over-year).
- 2016: Revenue of $15K, expenses of $20K, and assets of $26K (revenue -26.5% year-over-year).
- 2015: Revenue of $21K, expenses of $32K, and assets of $32K (revenue +12.2% year-over-year).
- 2014: Revenue of $18K, expenses of $14K, and assets of $43K (revenue +31.2% year-over-year).
- 2013: Revenue of $14K, expenses of $12K, and assets of $39K (revenue -40.3% year-over-year).
- 2012: Revenue of $23K, expenses of $31K, and assets of $37K (revenue +64.6% year-over-year).
- 2011: Revenue of $14K, expenses of $14K, and assets of $45K.
Data Sources and Methodology
This transparency report for Friends Of Conway Recreation 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.