Laconia Kiwanis Charities Fund
Laconia Kiwanis Charities Fund frequently spends more than it earns, yet maintains zero officer compensation.
EIN: 20486720 · Laconia, NH · NTEE: P80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $21K |
| Program Spending | 80% |
| Net Assets | $26K |
| Transparency Score | 75/100 |
Is Laconia Kiwanis Charities Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laconia Kiwanis Charities Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laconia Kiwanis Charities Fund
Laconia Kiwanis Charities Fund (EIN: 20486720) is a nonprofit organization based in Laconia, NH, classified under NTEE code P80Z. The organization reported total revenue of $22K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laconia Kiwanis Charities Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laconia Kiwanis Charities Fund is a micro nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $21K |
| Surplus / Deficit | $-4,212 |
| Total Assets | $26K |
| Net Assets | $26K |
| Operating Margin | -24.8% |
| Months of Reserves | 14.9 months |
Financial Health Grade: B
In 2024, Laconia Kiwanis Charities Fund reported a deficit of $4K with expenses exceeding revenue, holds 14.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Laconia Kiwanis Charities Fund's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +33.4% | +32.0% | -12.0% |
| 2023 | -26.4% | -42.5% | -11.7% |
| 2022 | -10.2% | +196.3% | -23.8% |
| 2021 | +90.3% | -19.3% | +28.3% |
| 2020 | -34.7% | -69.1% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Kiwanis Charities Fund 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Laconia Kiwanis Charities Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for donor funds directly supporting the 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.
Red Flags
The following concerns were identified during AI analysis of Laconia Kiwanis Charities Fund's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2024 expenses $21,228 vs. revenue $17,016)
- Declining asset base over the last few years (from $44,667 in 2021 to $26,434 in 2024)
Strengths
The following positive indicators were identified for Laconia Kiwanis Charities Fund:
- Zero officer compensation reported across all filings, maximizing funds for programs
- Consistent filing history (14 filings) demonstrating strong transparency
- No reported liabilities in any filing period, indicating good debt management
- Maintains a healthy asset base relative to its annual revenue, providing some financial stability
Frequently Asked Questions about Laconia Kiwanis Charities Fund
Is Laconia Kiwanis Charities Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Laconia Kiwanis Charities Fund (EIN: 20486720) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Laconia Kiwanis Charities Fund spend its money?
Laconia Kiwanis Charities Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laconia Kiwanis Charities Fund tax-deductible?
Laconia Kiwanis Charities Fund is registered as a tax-exempt nonprofit (EIN: 20486720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laconia Kiwanis Charities Fund's spending goes to programs?
Laconia Kiwanis Charities Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laconia Kiwanis Charities Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Laconia Kiwanis Charities Fund is above average for NTEE category P80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laconia Kiwanis Charities Fund located?
Laconia Kiwanis Charities Fund is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20486720. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Laconia Kiwanis Charities Fund have?
Laconia Kiwanis Charities Fund has 14 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 $22K in total revenue.
Is Laconia Kiwanis Charities Fund a good charity?
The organization exhibits strong program focus and excellent transparency with 0% officer compensation. However, its recent trend of spending more than it earns (e.g., $21,228 expenses vs. $17,016 revenue in 2024) raises concerns about long-term financial sustainability, despite a healthy asset base.
How does Laconia Kiwanis Charities Fund manage its expenses?
The organization has shown a pattern of expenses exceeding revenue in several recent periods, such as 2024 ($21,228 expenses vs. $17,016 revenue) and 2023 ($16,078 expenses vs. $12,756 revenue). This suggests a need for tighter expense control or increased fundraising efforts.
What is the trend in the organization's assets?
Assets have fluctuated, peaking at $59,086 in 2018 and declining to $26,434 in 2024. This decline, coupled with deficit spending, indicates a gradual draw-down on reserves.
Filing History
IRS 990 filing history for Laconia Kiwanis Charities Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Laconia Kiwanis Charities Fund's revenue has grown by 2.9%, moving from $17K to $17K. Total assets increased by 8.6% over the same period, from $24K to $26K. Total functional expenses fell by 10.7%, from $24K to $21K. In its most recent filing year (2024), Laconia Kiwanis Charities Fund reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $17K | $21K | $26K | $0 | — | — |
| 2023 | $13K | $16K | $30K | $0 | — | View 990 |
| 2022 | $17K | $28K | $34K | $0 | — | — |
| 2021 | $19K | $9K | $45K | $0 | — | — |
| 2020 | $10K | $12K | $35K | $0 | — | — |
| 2019 | $16K | $38K | $36K | $0 | — | View 990 |
| 2018 | $25K | $16K | $59K | $0 | — | View 990 |
| 2017 | $28K | $22K | $50K | $0 | — | — |
| 2016 | $32K | $24K | $44K | $0 | — | View 990 |
| 2015 | $27K | $17K | $36K | $0 | — | View 990 |
| 2014 | $23K | $19K | $27K | $0 | — | View 990 |
| 2013 | $22K | $18K | $23K | $0 | — | View 990 |
| 2012 | $16K | $22K | $20K | $0 | — | View 990 |
| 2011 | $17K | $24K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $17K, expenses of $21K, and assets of $26K (revenue +33.4% year-over-year).
- 2023: Revenue of $13K, expenses of $16K, and assets of $30K (revenue -26.4% year-over-year).
- 2022: Revenue of $17K, expenses of $28K, and assets of $34K (revenue -10.2% year-over-year).
- 2021: Revenue of $19K, expenses of $9K, and assets of $45K (revenue +90.3% year-over-year).
- 2020: Revenue of $10K, expenses of $12K, and assets of $35K (revenue -34.7% year-over-year).
- 2019: Revenue of $16K, expenses of $38K, and assets of $36K (revenue -37.2% year-over-year).
- 2018: Revenue of $25K, expenses of $16K, and assets of $59K (revenue -12.0% year-over-year).
- 2017: Revenue of $28K, expenses of $22K, and assets of $50K (revenue -11.8% year-over-year).
- 2016: Revenue of $32K, expenses of $24K, and assets of $44K (revenue +19.6% year-over-year).
- 2015: Revenue of $27K, expenses of $17K, and assets of $36K (revenue +17.4% year-over-year).
- 2014: Revenue of $23K, expenses of $19K, and assets of $27K (revenue +1.0% year-over-year).
- 2013: Revenue of $22K, expenses of $18K, and assets of $23K (revenue +40.8% year-over-year).
- 2012: Revenue of $16K, expenses of $22K, and assets of $20K (revenue -3.5% year-over-year).
- 2011: Revenue of $17K, expenses of $24K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laconia Kiwanis Charities Fund:
Data Sources and Methodology
This transparency report for Laconia Kiwanis Charities Fund 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.