L S P Association
L S P Association shows strong revenue growth and no officer compensation in recent filings.
EIN: 20314704 · Gilford, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $2.7M |
| Transparency Score | 85/100 |
Is L S P Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
L S P Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About L S P Association
L S P Association (EIN: 20314704) is a nonprofit organization based in Gilford, NH. The organization reported total revenue of $1.7M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L S P Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L S P Association is a mid-size nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$593K |
| Total Assets | $3.3M |
| Total Liabilities | $516K |
| Net Assets | $2.7M |
| Operating Margin | 36.0% |
| Debt-to-Asset Ratio | 15.8% |
| Months of Reserves | 37.1 months |
Financial Health Grade: A
In 2023, L S P Association reported a surplus of $593K with revenue exceeding expenses, holds 37.1 months of operating reserves (strong position), has a debt-to-asset ratio of 15.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), L S P Association's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.1% | +9.0% | +27.9% |
| 2022 | +7.6% | +12.0% | -2.8% |
| 2021 | +0.4% | -2.2% | -4.5% |
| 2020 | -5.6% | +13.8% | -3.2% |
| 2019 | +14.3% | +7.3% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 L S P Association 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, L S P Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $593K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable and suggests a strong commitment to maximizing funds for 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 L S P Association:
- Consistent 0% officer compensation across all filings, indicating high efficiency and mission focus.
- Significant revenue growth in the latest filing period (202310), with revenue of $1,647,051.
- Positive net income in the latest filing period, with revenue exceeding expenses by over $590,000.
- Steady growth in assets over the past decade, reaching $3,261,339 in 202310.
- Low liabilities relative to assets, suggesting financial stability (e.g., $515,609 liabilities vs. $3,261,339 assets in 202310).
Frequently Asked Questions about L S P Association
Is L S P Association a legitimate charity?
Based on AI analysis of IRS 990 filings, L S P Association (EIN: 20314704) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does L S P Association spend its money?
L S P Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to L S P Association tax-deductible?
L S P Association is registered as a tax-exempt nonprofit (EIN: 20314704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of L S P Association's spending goes to programs?
L S P Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is L S P Association located?
L S P Association is headquartered in Gilford, New Hampshire and files with the IRS under EIN 20314704.
How many years of IRS 990 filings does L S P Association have?
L S P Association 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 $1.7M in total revenue.
Is L S P Association a good charity?
Based on the available financial data, L S P Association appears to be a well-managed charity. It has shown strong revenue growth, increasing assets, and a notable commitment to not paying officer compensation, which suggests a high dedication to its mission.
How has L S P Association's financial health changed over time?
L S P Association's financial health has significantly improved, particularly in the 202310 period. After several years of expenses often exceeding revenue (e.g., 202210, 202110, 202010), the organization reported a substantial surplus of over $590,000 in 202310, alongside consistent asset growth.
What is the trend in L S P Association's assets?
L S P Association's assets have shown a consistent upward trend, growing from $2,644,299 in 201410 to $3,261,339 in 202310, indicating effective asset management and accumulation.
Filing History
IRS 990 filing history for L S P Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), L S P Association's revenue has grown by 167.5%, moving from $616K to $1.6M. Total assets increased by 25% over the same period, from $2.6M to $3.3M. Total functional expenses rose by 77.3%, from $594K to $1.1M. In its most recent filing year (2023), L S P Association reported a surplus of $593K, with revenue exceeding expenses. The organization holds $516K in liabilities against $3.3M in assets (debt-to-asset ratio: 15.8%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.1M | $3.3M | $516K | — | View 990 |
| 2022 | $844K | $967K | $2.6M | $408K | — | View 990 |
| 2021 | $785K | $863K | $2.6M | $271K | — | View 990 |
| 2020 | $782K | $882K | $2.7M | $311K | — | — |
| 2019 | $828K | $775K | $2.8M | $318K | — | View 990 |
| 2018 | $725K | $722K | $2.8M | $301K | — | View 990 |
| 2017 | $711K | $690K | $2.7M | $231K | — | View 990 |
| 2016 | $713K | $691K | $2.7M | $242K | — | View 990 |
| 2015 | $738K | $696K | $2.6M | $228K | — | View 990 |
| 2014 | $668K | $719K | $2.6M | $266K | — | View 990 |
| 2013 | $643K | $668K | $2.6M | $208K | — | View 990 |
| 2012 | $609K | $566K | $2.7M | $198K | — | View 990 |
| 2011 | $616K | $594K | $2.6M | $197K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.1M, and assets of $3.3M (revenue +95.1% year-over-year).
- 2022: Revenue of $844K, expenses of $967K, and assets of $2.6M (revenue +7.6% year-over-year).
- 2021: Revenue of $785K, expenses of $863K, and assets of $2.6M (revenue +0.4% year-over-year).
- 2020: Revenue of $782K, expenses of $882K, and assets of $2.7M (revenue -5.6% year-over-year).
- 2019: Revenue of $828K, expenses of $775K, and assets of $2.8M (revenue +14.3% year-over-year).
- 2018: Revenue of $725K, expenses of $722K, and assets of $2.8M (revenue +1.9% year-over-year).
- 2017: Revenue of $711K, expenses of $690K, and assets of $2.7M (revenue -0.3% year-over-year).
- 2016: Revenue of $713K, expenses of $691K, and assets of $2.7M (revenue -3.3% year-over-year).
- 2015: Revenue of $738K, expenses of $696K, and assets of $2.6M (revenue +10.4% year-over-year).
- 2014: Revenue of $668K, expenses of $719K, and assets of $2.6M (revenue +4.0% year-over-year).
- 2013: Revenue of $643K, expenses of $668K, and assets of $2.6M (revenue +5.5% year-over-year).
- 2012: Revenue of $609K, expenses of $566K, and assets of $2.7M (revenue -1.1% year-over-year).
- 2011: Revenue of $616K, expenses of $594K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L S P Association:
Data Sources and Methodology
This transparency report for L S P Association 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.