Greater Wakefield Resource Center Inc
Greater Wakefield Resource Center Inc. consistently spends more than it earns, leading to a decade of asset decline.
EIN: 20498814 · Union, NH · NTEE: P28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $121K |
| Program Spending | 90% |
| Net Assets | $228K |
| Transparency Score | 75/100 |
Is Greater Wakefield Resource Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Wakefield Resource Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Wakefield Resource Center Inc
Greater Wakefield Resource Center Inc (EIN: 20498814) is a nonprofit organization based in Union, NH, classified under NTEE code P28. The organization reported total revenue of $108K and total assets of $222K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Wakefield Resource Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Wakefield Resource Center Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $121K |
| Surplus / Deficit | $-10,470 |
| Total Assets | $228K |
| Net Assets | $228K |
| Operating Margin | -9.5% |
| Months of Reserves | 22.6 months |
Financial Health Grade: B
In 2023, Greater Wakefield Resource Center Inc reported a deficit of $10K with expenses exceeding revenue, holds 22.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Greater Wakefield Resource Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +1.3% | -4.4% |
| 2022 | -22.7% | -9.8% | -11.7% |
| 2021 | +21.3% | +39.4% | -6.5% |
| 2020 | -10.8% | -19.1% | -0.4% |
| 2019 | +9.7% | +7.2% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2000 |
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 Greater Wakefield Resource Center Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Greater Wakefield Resource Center 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for program spending.
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 Greater Wakefield Resource Center Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years.
- Declining asset base, from $327,085 in 2014 to $227,878 in 2023, indicating a draw on reserves.
Strengths
The following positive indicators were identified for Greater Wakefield Resource Center Inc:
- Zero officer compensation, indicating high dedication to mission and efficient use of funds.
- No reported liabilities in recent years, demonstrating strong debt management.
- Consistent filing of IRS 990s, indicating good transparency and compliance.
Frequently Asked Questions about Greater Wakefield Resource Center Inc
Is Greater Wakefield Resource Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Wakefield Resource Center Inc (EIN: 20498814) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Greater Wakefield Resource Center Inc spend its money?
Greater Wakefield Resource Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Wakefield Resource Center Inc tax-deductible?
Greater Wakefield Resource Center Inc is registered as a tax-exempt nonprofit (EIN: 20498814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Greater Wakefield Resource Center Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greater Wakefield Resource Center Inc is above average for NTEE category P28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Wakefield Resource Center Inc located?
Greater Wakefield Resource Center Inc is headquartered in Union, New Hampshire and files with the IRS under EIN 20498814. It is classified under NTEE code P28.
How many years of IRS 990 filings does Greater Wakefield Resource Center Inc have?
Greater Wakefield Resource Center 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 $108K in total revenue.
Why has the organization consistently spent more than its revenue?
The filings show a consistent pattern of expenses exceeding revenue, for example, $121,115 in expenses vs. $110,645 in revenue in 2023. This trend has contributed to a decline in assets from $327,085 in 2014 to $227,878 in 2023.
What is the long-term impact of the declining asset base?
The continuous decline in assets, from $327,085 in 2014 to $227,878 in 2023, suggests a depletion of reserves which could impact the organization's ability to sustain operations or respond to future needs without increased revenue or reduced spending.
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which allows more funds to be directed towards programs.
Filing History
IRS 990 filing history for Greater Wakefield Resource Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Wakefield Resource Center Inc's revenue has declined by 5.6%, moving from $117K to $111K. Total assets decreased by 32.1% over the same period, from $336K to $228K. Total functional expenses rose by 23.6%, from $98K to $121K. In its most recent filing year (2023), Greater Wakefield Resource Center Inc reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $121K | $228K | $0 | — | View 990 |
| 2022 | $88K | $120K | $238K | $0 | — | View 990 |
| 2021 | $114K | $133K | $270K | $0 | — | View 990 |
| 2020 | $94K | $95K | $289K | $0 | — | View 990 |
| 2019 | $105K | $118K | $290K | $0 | — | View 990 |
| 2018 | $96K | $110K | $302K | $550 | — | View 990 |
| 2017 | $87K | $84K | $316K | $550 | — | View 990 |
| 2016 | $84K | $90K | $313K | $550 | — | View 990 |
| 2015 | $83K | $91K | $318K | $550 | — | View 990 |
| 2014 | $95K | $87K | $327K | $2K | — | View 990 |
| 2013 | $82K | $90K | $317K | $18 | — | View 990 |
| 2012 | $79K | $89K | $326K | $480 | — | View 990 |
| 2011 | $117K | $98K | $336K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $121K, and assets of $228K (revenue +25.6% year-over-year).
- 2022: Revenue of $88K, expenses of $120K, and assets of $238K (revenue -22.7% year-over-year).
- 2021: Revenue of $114K, expenses of $133K, and assets of $270K (revenue +21.3% year-over-year).
- 2020: Revenue of $94K, expenses of $95K, and assets of $289K (revenue -10.8% year-over-year).
- 2019: Revenue of $105K, expenses of $118K, and assets of $290K (revenue +9.7% year-over-year).
- 2018: Revenue of $96K, expenses of $110K, and assets of $302K (revenue +10.4% year-over-year).
- 2017: Revenue of $87K, expenses of $84K, and assets of $316K (revenue +3.3% year-over-year).
- 2016: Revenue of $84K, expenses of $90K, and assets of $313K (revenue +1.3% year-over-year).
- 2015: Revenue of $83K, expenses of $91K, and assets of $318K (revenue -12.7% year-over-year).
- 2014: Revenue of $95K, expenses of $87K, and assets of $327K (revenue +15.7% year-over-year).
- 2013: Revenue of $82K, expenses of $90K, and assets of $317K (revenue +3.9% year-over-year).
- 2012: Revenue of $79K, expenses of $89K, and assets of $326K (revenue -32.4% year-over-year).
- 2011: Revenue of $117K, expenses of $98K, and assets of $336K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Wakefield Resource Center Inc:
Data Sources and Methodology
This transparency report for Greater Wakefield Resource Center 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.