Laconia Area Community Land Trust
Laconia Area Community Land Trust consistently generates surpluses and shows strong asset growth with no reported officer compensation.
EIN: 20426348 · Laconia, NH · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $11.9M |
| Transparency Score | 95/100 |
Is Laconia Area Community Land Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laconia Area Community Land Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laconia Area Community Land Trust
Laconia Area Community Land Trust (EIN: 20426348) is a nonprofit organization based in Laconia, NH, classified under NTEE code L200. The organization reported total revenue of $4.8M and total assets of $18.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laconia Area Community Land Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laconia Area Community Land Trust is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$958K |
| Total Assets | $16.1M |
| Total Liabilities | $4.1M |
| Net Assets | $11.9M |
| Operating Margin | 31.9% |
| Debt-to-Asset Ratio | 25.7% |
| Months of Reserves | 94.4 months |
Financial Health Grade: A
In 2023, Laconia Area Community Land Trust reported a surplus of $958K with revenue exceeding expenses, holds 94.4 months of operating reserves (strong position), has a debt-to-asset ratio of 25.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laconia Area Community Land Trust's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.8% | -4.2% | +6.2% |
| 2022 | -27.2% | +8.0% | -4.8% |
| 2021 | -7.0% | +9.2% | +5.9% |
| 2020 | -1.4% | -9.7% | +22.9% |
| 2019 | -0.3% | -11.8% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Laconia Area Community Land Trust 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, Laconia Area Community Land Trust 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 surplus of $958K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size with assets exceeding $16 million and suggests a volunteer-led executive structure or compensation being covered by other means not reported on the 990, which warrants further inquiry but is a positive indicator of direct mission focus.
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 Laconia Area Community Land Trust's IRS 990 filings:
- No reported officer compensation for an organization of this size could indicate compensation is paid by a related entity or not fully disclosed, warranting further investigation.
Strengths
The following positive indicators were identified for Laconia Area Community Land Trust:
- Consistent generation of financial surpluses, indicating strong financial management.
- Significant and steady growth in total assets over the past decade, from $8.5M to over $16M.
- Zero reported officer compensation, suggesting a high dedication of funds to program services.
- High program spending efficiency, with a very low administrative overhead implied by the lack of officer compensation and consistent surpluses.
- Healthy net asset growth, demonstrating increasing financial capacity and sustainability.
Frequently Asked Questions about Laconia Area Community Land Trust
Is Laconia Area Community Land Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Laconia Area Community Land Trust (EIN: 20426348) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Laconia Area Community Land Trust spend its money?
Laconia Area Community Land Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laconia Area Community Land Trust tax-deductible?
Laconia Area Community Land Trust is registered as a tax-exempt nonprofit (EIN: 20426348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laconia Area Community Land Trust CEO make?
Laconia Area Community Land Trust's highest-compensated officer earns $16 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Laconia Area Community Land Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Laconia Area Community Land Trust is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laconia Area Community Land Trust located?
Laconia Area Community Land Trust is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20426348. It is classified under NTEE code L200.
How many years of IRS 990 filings does Laconia Area Community Land Trust have?
Laconia Area Community Land Trust 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 $4.8M in total revenue.
Is Laconia Area Community Land Trust a good charity?
Yes, based on the provided IRS 990 data, Laconia Area Community Land Trust appears to be a very good charity. They consistently operate with a surplus, have growing assets, and report 0% officer compensation, indicating a strong commitment to their mission and efficient use of funds.
How does the organization manage its liabilities?
The organization's liabilities have fluctuated, but in recent years, they have shown a decreasing trend, from $4,731,210 in 2020 to $4,135,042 in 2023, while assets have grown significantly. This suggests responsible management of debt relative to their increasing asset base.
What is the trend in the organization's net assets?
The organization's net assets (Assets minus Liabilities) have consistently grown, from approximately $6 million in 2014 to over $11.9 million in 2023 ($16,073,008 - $4,135,042), demonstrating strong financial health and increasing capacity.
Filing History
IRS 990 filing history for Laconia Area Community Land Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laconia Area Community Land Trust's revenue has grown by 131.6%, moving from $1.3M to $3.0M. Total assets increased by 170% over the same period, from $6.0M to $16.1M. Total functional expenses rose by 121.3%, from $923K to $2.0M. In its most recent filing year (2023), Laconia Area Community Land Trust reported a surplus of $958K, with revenue exceeding expenses. The organization holds $4.1M in liabilities against $16.1M in assets (debt-to-asset ratio: 25.7%), resulting in net assets of $11.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.0M | $16.1M | $4.1M | — | View 990 |
| 2022 | $2.3M | $2.1M | $15.1M | $4.2M | — | — |
| 2021 | $3.2M | $2.0M | $15.9M | $4.2M | — | View 990 |
| 2020 | $3.4M | $1.8M | $15.0M | $4.7M | — | View 990 |
| 2019 | $3.4M | $2.0M | $12.2M | $4.4M | — | View 990 |
| 2018 | $3.4M | $2.3M | $13.0M | $6.3M | — | View 990 |
| 2017 | $2.0M | $2.1M | $12.5M | $6.7M | — | View 990 |
| 2016 | $1.5M | $1.4M | $12.8M | $7.0M | — | View 990 |
| 2015 | $1.5M | $1.2M | $8.4M | $2.5M | — | View 990 |
| 2014 | $1.9M | $1.1M | $8.6M | $2.7M | — | View 990 |
| 2013 | $1.7M | $1.0M | $7.3M | $1.9M | — | View 990 |
| 2012 | $1.1M | $939K | $6.0M | $1.1M | — | View 990 |
| 2011 | $1.3M | $923K | $6.0M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.0M, and assets of $16.1M (revenue +30.8% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.1M, and assets of $15.1M (revenue -27.2% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.0M, and assets of $15.9M (revenue -7.0% year-over-year).
- 2020: Revenue of $3.4M, expenses of $1.8M, and assets of $15.0M (revenue -1.4% year-over-year).
- 2019: Revenue of $3.4M, expenses of $2.0M, and assets of $12.2M (revenue -0.3% year-over-year).
- 2018: Revenue of $3.4M, expenses of $2.3M, and assets of $13.0M (revenue +71.8% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.1M, and assets of $12.5M (revenue +32.3% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $12.8M (revenue -0.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.2M, and assets of $8.4M (revenue -18.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.1M, and assets of $8.6M (revenue +10.6% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.0M, and assets of $7.3M (revenue +50.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $939K, and assets of $6.0M (revenue -14.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $923K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laconia Area Community Land Trust:
Data Sources and Methodology
This transparency report for Laconia Area Community Land Trust 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.