Krempels Center
Krempels Center maintains stable assets and low liabilities despite recent operating deficits.
EIN: 20499997 · Portsmouth, NH · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $860K |
| Program Spending | 75% |
| Net Assets | $963K |
| Transparency Score | 85/100 |
Is Krempels Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Krempels Center directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Krempels Center
Krempels Center (EIN: 20499997) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code T30. The organization reported total revenue of $1.1M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Krempels Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Krempels Center is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $790K |
| Total Expenses | $860K |
| Surplus / Deficit | $-70,065 |
| Total Assets | $986K |
| Total Liabilities | $24K |
| Net Assets | $963K |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 13.8 months |
Financial Health Grade: B
In 2023, Krempels Center reported a deficit of $70K with expenses exceeding revenue, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Krempels Center's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.7% | +4.5% | -5.2% |
| 2022 | -10.3% | +16.6% | -13.9% |
| 2021 | +7.1% | +13.5% | +21.9% |
| 2020 | +21.0% | +3.1% | +30.2% |
| 2019 | +8.6% | +6.7% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Krempels Center 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Krempels Center allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is unusual for an organization of this size and suggests that executive leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990s, which could impact a full understanding of administrative costs.
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 Krempels Center's IRS 990 filings:
- Recent operating deficits (expenses exceeding revenue in 2022 and 2023)
- Unclear executive compensation reporting (0% officer comp across all filings warrants further investigation)
Strengths
The following positive indicators were identified for Krempels Center:
- Long history of consistent IRS 990 filings (13 filings)
- Strong asset base relative to liabilities (e.g., $986,468 assets vs. $23,792 liabilities in 2023)
- Consistent revenue generation over a decade
- Positive asset growth over the long term
Frequently Asked Questions about Krempels Center
Is Krempels Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Krempels Center (EIN: 20499997) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Krempels Center spend its money?
Krempels Center directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Krempels Center tax-deductible?
Krempels Center is registered as a tax-exempt nonprofit (EIN: 20499997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Krempels Center's spending goes to programs?
Krempels Center directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Krempels Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Krempels Center is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Krempels Center located?
Krempels Center is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20499997. It is classified under NTEE code T30.
How many years of IRS 990 filings does Krempels Center have?
Krempels Center 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 $1.1M in total revenue.
Is Krempels Center a good charity?
Based on the available data, Krempels Center appears to be a financially stable organization with a long history of operations and low liabilities. Its consistent 990 filings and reported 0% officer compensation (if truly volunteer-led) are positive indicators. However, recent operating deficits suggest a need to monitor revenue generation relative to expenses.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is notable. This could mean that the organization's executive leadership is entirely volunteer-based, or that compensation for key personnel is categorized differently within the IRS 990, such as under general salaries and wages, rather than specifically as officer compensation. Further detail from the full 990 forms would be needed to clarify this.
Has Krempels Center been growing financially?
Yes, the organization has shown growth over the long term. Revenue increased from $564,296 in 2014 to $790,432 in 2023, and assets grew from $626,485 in 2014 to $986,468 in 2023, despite some fluctuations and recent dips in assets from their 2021 peak.
Filing History
IRS 990 filing history for Krempels Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Krempels Center's revenue has grown by 326%, moving from $186K to $790K. Total assets increased by 134.6% over the same period, from $420K to $986K. Total functional expenses rose by 301.5%, from $214K to $860K. In its most recent filing year (2023), Krempels Center reported a deficit of $70K, with expenses exceeding revenue. The organization holds $24K in liabilities against $986K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $963K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $790K | $860K | $986K | $24K | — | View 990 |
| 2022 | $734K | $823K | $1.0M | $69K | — | View 990 |
| 2021 | $819K | $706K | $1.2M | $50K | — | — |
| 2020 | $764K | $622K | $992K | $89K | — | View 990 |
| 2019 | $632K | $603K | $762K | $6K | — | View 990 |
| 2018 | $582K | $566K | $719K | $3K | — | — |
| 2017 | $613K | $578K | $700K | $12K | — | View 990 |
| 2016 | $593K | $564K | $640K | $9K | — | View 990 |
| 2015 | $556K | $559K | $611K | $7K | — | View 990 |
| 2014 | $564K | $511K | $626K | $18K | — | View 990 |
| 2013 | $527K | $475K | $552K | $26K | — | View 990 |
| 2012 | $497K | $420K | $495K | $15K | — | View 990 |
| 2011 | $186K | $214K | $420K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $790K, expenses of $860K, and assets of $986K (revenue +7.7% year-over-year).
- 2022: Revenue of $734K, expenses of $823K, and assets of $1.0M (revenue -10.3% year-over-year).
- 2021: Revenue of $819K, expenses of $706K, and assets of $1.2M (revenue +7.1% year-over-year).
- 2020: Revenue of $764K, expenses of $622K, and assets of $992K (revenue +21.0% year-over-year).
- 2019: Revenue of $632K, expenses of $603K, and assets of $762K (revenue +8.6% year-over-year).
- 2018: Revenue of $582K, expenses of $566K, and assets of $719K (revenue -5.2% year-over-year).
- 2017: Revenue of $613K, expenses of $578K, and assets of $700K (revenue +3.5% year-over-year).
- 2016: Revenue of $593K, expenses of $564K, and assets of $640K (revenue +6.6% year-over-year).
- 2015: Revenue of $556K, expenses of $559K, and assets of $611K (revenue -1.4% year-over-year).
- 2014: Revenue of $564K, expenses of $511K, and assets of $626K (revenue +7.0% year-over-year).
- 2013: Revenue of $527K, expenses of $475K, and assets of $552K (revenue +6.0% year-over-year).
- 2012: Revenue of $497K, expenses of $420K, and assets of $495K (revenue +168.1% year-over-year).
- 2011: Revenue of $186K, expenses of $214K, and assets of $420K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Krempels Center:
Data Sources and Methodology
This transparency report for Krempels Center 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.