Friends Of Lakeway
Friends Of Lakeway maintains stable finances with no officer compensation and consistent program focus.
EIN: 20508299 · Littleton, NH · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $11K |
| Program Spending | 90% |
| Net Assets | $16K |
| Transparency Score | 92/100 |
Is Friends Of Lakeway Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Lakeway directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Lakeway
Friends Of Lakeway (EIN: 20508299) is a nonprofit organization based in Littleton, NH, classified under NTEE code B112. The organization reported total revenue of $30K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Lakeway's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Lakeway is a micro nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $11K |
| Surplus / Deficit | +$11K |
| Total Assets | $16K |
| Net Assets | $16K |
| Operating Margin | 49.5% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2024, Friends Of Lakeway reported a surplus of $11K with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2013–2024), Friends Of Lakeway's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +170.4% | -20.0% | +245.5% |
| 2023 | -33.8% | +63.9% | -56.5% |
| 2022 | +86.5% | +1.1% | +60.0% |
| 2021 | +99.1% | -23.0% | -22.0% |
| 2020 | -75.1% | -21.2% | -48.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Lakeway with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of Lakeway allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $11K, with revenue exceeding expenses.
Executive Compensation Analysis
There is no executive compensation reported across all 12 filings, indicating that the organization is likely volunteer-run or operates with a highly efficient, unpaid leadership structure, which is 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.
Strengths
The following positive indicators were identified for Friends Of Lakeway:
- No officer compensation reported across all filings, indicating high efficiency and volunteer commitment.
- Consistent reporting of zero liabilities, demonstrating strong financial management and low risk.
- Healthy asset base relative to its size, with $15,636 in assets in the latest filing.
- Positive net income in the latest filing (202406), with revenue of $22,460 exceeding expenses of $11,349.
- Long and consistent IRS 990 filing history (12 filings), indicating transparency and compliance.
Frequently Asked Questions about Friends Of Lakeway
Is Friends Of Lakeway a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Lakeway (EIN: 20508299) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Lakeway spend its money?
Friends Of Lakeway directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Lakeway tax-deductible?
Friends Of Lakeway is registered as a tax-exempt nonprofit (EIN: 20508299). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of Lakeway compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of Lakeway is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Lakeway located?
Friends Of Lakeway is headquartered in Littleton, New Hampshire and files with the IRS under EIN 20508299. It is classified under NTEE code B112.
How many years of IRS 990 filings does Friends Of Lakeway have?
Friends Of Lakeway has 12 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 $30K in total revenue.
Is Friends Of Lakeway a good charity?
Yes, Friends Of Lakeway appears to be a good charity. It consistently reports no officer compensation, maintains zero liabilities, and demonstrates a strong focus on its mission by directing resources efficiently, as evidenced by its financial filings.
How does Friends Of Lakeway manage its finances?
Friends Of Lakeway manages its finances prudently, consistently reporting zero liabilities and maintaining a stable asset base. While revenue fluctuates, the organization has shown an ability to manage expenses, as seen in the latest period (202406) where revenue ($22,460) significantly exceeded expenses ($11,349).
What is the trend in Friends Of Lakeway's revenue?
Friends Of Lakeway's revenue has fluctuated over the years, with a low of $3,380 in 202006 and a high of $22,460 in 202406. The latest period shows a significant increase in revenue, reaching $22,460, which is a positive trend.
Filing History
IRS 990 filing history for Friends Of Lakeway showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Friends Of Lakeway's revenue has grown by 21.8%, moving from $18K to $22K. Total assets increased by 39.2% over the same period, from $11K to $16K. Total functional expenses fell by 32.6%, from $17K to $11K. In its most recent filing year (2024), Friends Of Lakeway reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $22K | $11K | $16K | $0 | — | — |
| 2023 | $8K | $14K | $5K | $0 | — | View 990 |
| 2022 | $13K | $9K | $10K | $0 | — | — |
| 2021 | $7K | $9K | $7K | $0 | — | — |
| 2020 | $3K | $11K | $8K | $0 | — | — |
| 2019 | $14K | $14K | $16K | $0 | — | View 990 |
| 2018 | $16K | $14K | $17K | $0 | — | View 990 |
| 2017 | $15K | $15K | $15K | $0 | — | View 990 |
| 2016 | $18K | $23K | $15K | $0 | — | View 990 |
| 2015 | $14K | $11K | $20K | $0 | — | View 990 |
| 2014 | $20K | $13K | $18K | $0 | — | View 990 |
| 2013 | $18K | $17K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $22K, expenses of $11K, and assets of $16K (revenue +170.4% year-over-year).
- 2023: Revenue of $8K, expenses of $14K, and assets of $5K (revenue -33.8% year-over-year).
- 2022: Revenue of $13K, expenses of $9K, and assets of $10K (revenue +86.5% year-over-year).
- 2021: Revenue of $7K, expenses of $9K, and assets of $7K (revenue +99.1% year-over-year).
- 2020: Revenue of $3K, expenses of $11K, and assets of $8K (revenue -75.1% year-over-year).
- 2019: Revenue of $14K, expenses of $14K, and assets of $16K (revenue -12.9% year-over-year).
- 2018: Revenue of $16K, expenses of $14K, and assets of $17K (revenue +6.4% year-over-year).
- 2017: Revenue of $15K, expenses of $15K, and assets of $15K (revenue -16.6% year-over-year).
- 2016: Revenue of $18K, expenses of $23K, and assets of $15K (revenue +29.1% year-over-year).
- 2015: Revenue of $14K, expenses of $11K, and assets of $20K (revenue -31.0% year-over-year).
- 2014: Revenue of $20K, expenses of $13K, and assets of $18K (revenue +7.0% year-over-year).
- 2013: Revenue of $18K, expenses of $17K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Lakeway:
Data Sources and Methodology
This transparency report for Friends Of Lakeway 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.