Laconia Museum Society Inc
Laconia Museum Society maintains stable assets and volunteer leadership amidst fluctuating annual revenues and expenses.
EIN: 20472532 · Laconia, NH · NTEE: A50 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $67K |
| Program Spending | 85% |
| Net Assets | $276K |
| Transparency Score | 80/100 |
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Laconia Museum Society Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Laconia Museum Society Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Laconia Museum Society Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $56K and expenses of $67K.
Revenue and Expenses
Laconia Museum Society Inc reported $56K in revenue and $67K in expenses, a deficit of $11K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
80/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Laconia Museum Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $57K (85%) |
Across stored filings, Laconia Museum Society Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and Arts & Culture context |
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Laconia Museum Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laconia Museum Society Inc
Laconia Museum Society Inc (EIN: 20472532) is a nonprofit organization based in Laconia, NH, classified under NTEE code A50. The organization reported total revenue of $85K and total assets of $329K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laconia Museum Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laconia Museum Society Inc is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $67K |
| Surplus / Deficit | $-10,743 |
| Total Assets | $320K |
| Total Liabilities | $44K |
| Net Assets | $276K |
| Operating Margin | -19.1% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 57.2 months |
Financial Health Grade: B
In 2023, Laconia Museum Society Inc reported a deficit of $11K with expenses exceeding revenue, holds 57.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laconia Museum Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.8% | +12.3% | -3.9% |
| 2022 | -5.1% | +18.7% | -0.4% |
| 2021 | +19.8% | -15.9% | +3.4% |
| 2020 | +10.6% | -35.4% | -1.0% |
| 2019 | +749.5% | +160.1% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
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 Museum Society Inc with a Mission Score of 80 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, Laconia Museum Society Inc 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 deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and contributes to efficient resource allocation.
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 Museum Society Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202312), leading to a net operating loss for the year.
Strengths
The following positive indicators were identified for Laconia Museum Society Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Stable asset base (around $320,000-$330,000 in recent years) provides a solid financial foundation.
- Low liabilities relative to assets, indicating good financial health.
Frequently Asked Questions about Laconia Museum Society Inc
Is Laconia Museum Society Inc a legitimate charity?
Laconia Museum Society Inc (EIN: 20472532) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $85K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Laconia Museum Society Inc spend its money?
Laconia Museum Society Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Laconia Museum Society Inc tax-deductible?
Laconia Museum Society Inc is registered as a tax-exempt nonprofit (EIN: 20472532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laconia Museum Society Inc's spending goes to programs?
Laconia Museum Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laconia Museum Society Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Laconia Museum Society Inc is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laconia Museum Society Inc located?
Laconia Museum Society Inc is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20472532. It is classified under NTEE code A50.
How many years of IRS 990 filings does Laconia Museum Society Inc have?
Laconia Museum Society 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 $85K in total revenue.
Is Laconia Museum Society Inc. financially stable?
Yes, the organization appears financially stable. While annual revenues and expenses fluctuate, assets have remained consistently around $320,000-$330,000 in recent years, and liabilities are relatively low, indicating a solid financial foundation.
How does the organization manage its leadership compensation?
The Laconia Museum Society Inc. reports 0% officer compensation in all available filings, meaning its leadership is volunteer-based, which is a strong positive for donor trust and efficient use of funds.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally fluctuated between $50,000 and $70,000 in recent periods, with some years showing expenses exceeding revenue (e.g., 202312: Revenue=$56,320, Expenses=$67,063) and others showing a surplus (e.g., 202112: Revenue=$63,016, Expenses=$50,289).
Filing History
IRS 990 filing history for Laconia Museum Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laconia Museum Society Inc's revenue has grown by 42.1%, moving from $40K to $56K. Total assets decreased by 19.9% over the same period, from $399K to $320K. Total functional expenses rose by 38%, from $49K to $67K. In its most recent filing year (2023), Laconia Museum Society Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $44K in liabilities against $320K in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $276K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $67K | $320K | $44K | — | View 990 |
| 2022 | $60K | $60K | $332K | $46K | — | View 990 |
| 2021 | $63K | $50K | $334K | $47K | — | View 990 |
| 2020 | $53K | $60K | $323K | $49K | — | — |
| 2019 | $48K | $93K | $326K | $45K | — | View 990 |
| 2018 | $6K | $36K | $333K | $1K | — | View 990 |
| 2017 | $30K | $28K | $366K | $4K | — | — |
| 2016 | $45K | $36K | $364K | $4K | — | View 990 |
| 2015 | $21K | $49K | $355K | $4K | — | View 990 |
| 2014 | $47K | $71K | $383K | $4K | — | View 990 |
| 2013 | $221K | $40K | $408K | $4K | — | View 990 |
| 2012 | $20K | $45K | $376K | $153K | — | View 990 |
| 2011 | $40K | $49K | $399K | $151K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $67K, and assets of $320K (revenue -5.8% year-over-year).
- 2022: Revenue of $60K, expenses of $60K, and assets of $332K (revenue -5.1% year-over-year).
- 2021: Revenue of $63K, expenses of $50K, and assets of $334K (revenue +19.8% year-over-year).
- 2020: Revenue of $53K, expenses of $60K, and assets of $323K (revenue +10.6% year-over-year).
- 2019: Revenue of $48K, expenses of $93K, and assets of $326K (revenue +749.5% year-over-year).
- 2018: Revenue of $6K, expenses of $36K, and assets of $333K (revenue -81.4% year-over-year).
- 2017: Revenue of $30K, expenses of $28K, and assets of $366K (revenue -32.9% year-over-year).
- 2016: Revenue of $45K, expenses of $36K, and assets of $364K (revenue +117.9% year-over-year).
- 2015: Revenue of $21K, expenses of $49K, and assets of $355K (revenue -56.0% year-over-year).
- 2014: Revenue of $47K, expenses of $71K, and assets of $383K (revenue -78.7% year-over-year).
- 2013: Revenue of $221K, expenses of $40K, and assets of $408K (revenue +982.5% year-over-year).
- 2012: Revenue of $20K, expenses of $45K, and assets of $376K (revenue -48.6% year-over-year).
- 2011: Revenue of $40K, expenses of $49K, and assets of $399K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laconia Museum Society Inc:
Data Sources and Methodology
This transparency report for Laconia Museum Society 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.