Friends Of The Wolfeboro Community Bandstand Inc
Wolfeboro Community Bandstand Friends maintain strong assets and zero debt with volunteer leadership.
EIN: 20479353 · Wolfeboro, NH · NTEE: B116 · Updated: 2026-03-28
Is Friends Of The Wolfeboro Community Bandstand Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Wolfeboro Community Bandstand Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Wolfeboro Community Bandstand Inc
Friends Of The Wolfeboro Community Bandstand Inc (EIN: 20479353) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code B116. The organization reported total revenue of $29K and total assets of $527K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Wolfeboro Community Bandstand Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Wolfeboro Community Bandstand Inc with a Mission Score of 95 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 The Wolfeboro Community Bandstand Inc 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization. This significantly reduces administrative costs and ensures that all funds are directed towards the organization's mission.
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 The Wolfeboro Community Bandstand Inc:
- Strong and consistently growing asset base (from $286,726 in 2015 to $527,147 currently).
- Zero liabilities reported across all filings, indicating excellent financial management and no debt.
- 0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
- Expenses consistently lower than revenue, allowing for sustainable operations and asset accumulation.
- High program spending ratio due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Friends Of The Wolfeboro Community Bandstand Inc
Is Friends Of The Wolfeboro Community Bandstand Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Wolfeboro Community Bandstand Inc (EIN: 20479353) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Friends Of The Wolfeboro Community Bandstand Inc spend its money?
Friends Of The Wolfeboro Community Bandstand Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Wolfeboro Community Bandstand Inc tax-deductible?
Friends Of The Wolfeboro Community Bandstand Inc is registered as a tax-exempt nonprofit (EIN: 20479353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The Wolfeboro Community Bandstand Inc a good charity?
Yes, based on the available IRS 990 data, Friends Of The Wolfeboro Community Bandstand Inc appears to be a very good charity. It has strong financial health with growing assets ($527,147 latest, $485,953 in 2023), zero liabilities, and a volunteer-led structure (0% officer compensation), ensuring efficient use of funds for its mission.
How does the organization manage its finances given fluctuating revenue?
The organization manages its finances effectively by consistently keeping expenses below revenue, even during periods of lower income (e.g., $7,588 revenue vs. $5,051 expenses in 2020). This prudent financial management has allowed for consistent asset growth and the maintenance of zero liabilities.
What is the long-term financial trend of the organization?
The long-term financial trend shows consistent asset growth, from $286,726 in 2015 to $527,147 currently. While revenue fluctuates year-to-year, the organization consistently spends less than it earns, leading to a healthy and expanding asset base.
Filing History
IRS 990 filing history for Friends Of The Wolfeboro Community Bandstand Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Wolfeboro Community Bandstand Inc's revenue has declined by 33.3%, moving from $28K to $19K. Total assets increased by 121.2% over the same period, from $220K to $486K. Total functional expenses rose by 52.6%, from $10K to $15K. In its most recent filing year (2023), Friends Of The Wolfeboro Community Bandstand Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $15K | $486K | $0 | — | — |
| 2022 | $19K | $15K | $434K | $0 | — | View 990 |
| 2021 | $30K | $14K | $505K | $0 | — | — |
| 2020 | $8K | $5K | $434K | $0 | — | — |
| 2019 | $26K | $12K | $381K | $0 | — | View 990 |
| 2018 | $17K | $11K | $336K | $0 | — | View 990 |
| 2017 | $29K | $13K | $352K | $0 | — | View 990 |
| 2016 | $30K | $14K | $310K | $0 | — | View 990 |
| 2015 | $33K | $15K | $287K | $0 | — | View 990 |
| 2014 | $31K | $12K | $292K | $0 | — | View 990 |
| 2013 | $13K | $12K | $271K | $0 | — | View 990 |
| 2012 | $28K | $12K | $243K | $0 | — | View 990 |
| 2011 | $28K | $10K | $220K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $15K, and assets of $486K (revenue -2.0% year-over-year).
- 2022: Revenue of $19K, expenses of $15K, and assets of $434K (revenue -37.2% year-over-year).
- 2021: Revenue of $30K, expenses of $14K, and assets of $505K (revenue +296.5% year-over-year).
- 2020: Revenue of $8K, expenses of $5K, and assets of $434K (revenue -71.1% year-over-year).
- 2019: Revenue of $26K, expenses of $12K, and assets of $381K (revenue +53.4% year-over-year).
- 2018: Revenue of $17K, expenses of $11K, and assets of $336K (revenue -41.5% year-over-year).
- 2017: Revenue of $29K, expenses of $13K, and assets of $352K (revenue -2.6% year-over-year).
- 2016: Revenue of $30K, expenses of $14K, and assets of $310K (revenue -10.2% year-over-year).
- 2015: Revenue of $33K, expenses of $15K, and assets of $287K (revenue +6.6% year-over-year).
- 2014: Revenue of $31K, expenses of $12K, and assets of $292K (revenue +139.6% year-over-year).
- 2013: Revenue of $13K, expenses of $12K, and assets of $271K (revenue -53.1% year-over-year).
- 2012: Revenue of $28K, expenses of $12K, and assets of $243K (revenue +0.5% year-over-year).
- 2011: Revenue of $28K, expenses of $10K, and assets of $220K.
Data Sources and Methodology
This transparency report for Friends Of The Wolfeboro Community Bandstand 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.