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

$85KRevenue

$329KAssets

80/100Mission Score (Excellent)

A50

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.

AI Transparency Report

The Laconia Museum Society Inc. demonstrates consistent financial activity, with revenues and expenses generally in the range of $50,000-$70,000 in recent years. The organization's assets have remained relatively stable, hovering around $320,000-$330,000 in the last few periods, indicating a steady, albeit modest, financial base. While the latest filing (202312) shows expenses ($67,063) exceeding revenue ($56,320), this is not an uncommon occurrence for smaller nonprofits and the organization maintains a healthy asset-to-liability ratio. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership, which is a positive indicator of resource allocation directly to the mission rather than administrative overhead.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories within the provided data, a precise assessment of spending efficiency is challenging. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency. The relatively small scale of operations means that even minor fluctuations in revenue or expenses can appear significant in percentage terms, but the overall trend suggests a stable, community-focused entity.

To fully evaluate spending efficiency, a deeper dive into the functional expense allocation would be necessary. However, the absence of paid executive compensation is a strong positive for transparency and efficient use of donor funds. The organization's long history of filings and stable asset base suggest a well-established, if small, operation.

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.

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. 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.	PDF
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.

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.