Lake Owassa Community Association
Lake Owassa Community Association: Stable Finances, High Program Spending
EIN: 221629142 · Branchville, NJ · Updated: 2026-04-04
About Lake Owassa Community Association
Lake Owassa Community Association (EIN: 221629142) is a nonprofit organization based in Branchville, NJ. The organization reported total revenue of $191K and total assets of $452K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Owassa Community Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Owassa Community Association 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lake Owassa Community 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.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold for key employees, indicating a volunteer-led or very low-paid leadership structure.
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 Lake Owassa Community Association:
- Consistent revenue and asset growth over the past five years, indicating financial stability.
- Strong program spending, with the majority of expenses directed towards mission-related activities.
- Healthy asset base relative to annual expenses, providing a buffer for future operations.
Frequently Asked Questions about Lake Owassa Community Association
What does Lake Owassa Community Association do?
Lake Owassa Community Association is a nonprofit organization in the Unknown sector, located in Branchville, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Lake Owassa Community Association have?
Lake Owassa Community Association reported total revenue of $191,264. Based on 14 IRS 990 filings on record.
What are Lake Owassa Community Association's total assets?
Lake Owassa Community Association holds total assets of $451,693 as reported in IRS 990 filings.
Where is Lake Owassa Community Association located?
Lake Owassa Community Association is based in Branchville, New Jersey.
What is Lake Owassa Community Association's EIN?
Lake Owassa Community Association's Employer Identification Number (EIN) is 221629142. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lake Owassa Community Association?
Lake Owassa Community Association is classified under NTEE code Unknown (Unknown).
Is Lake Owassa Community Association a registered 501(c)(3)?
Lake Owassa Community Association appears in IRS records (EIN: 221629142). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lake Owassa Community Association file IRS Form 990?
Yes, Lake Owassa Community Association has 14 IRS Form 990 filings on record. The most recent covers tax period 202408.
What was Lake Owassa Community Association's revenue in 2024?
In the 202408 filing period, Lake Owassa Community Association reported total revenue of $328,979, total expenses of $282,031, and net assets of $394,053.
Is Lake Owassa Community Association's revenue growing or declining?
Lake Owassa Community Association's revenue is growing. Revenue went from $306,057 (202308) to $328,979 (202408), a +7.5% change. Based on 14 filings on record.
What is Lake Owassa Community Association's most recent 990 filing?
The most recent IRS Form 990 filing for Lake Owassa Community Association covers tax period 202408. It shows revenue of $328,979, expenses of $282,031, total assets of $394,053, and liabilities of N/A.
How much does Lake Owassa Community Association spend on programs vs administration?
Based on IRS 990 analysis, Lake Owassa Community Association allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lake Owassa Community Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Lake Owassa Community Association appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Lake Owassa Community Association's strengths?
Positive indicators for Lake Owassa Community Association include: Consistent revenue and asset growth over the past five years, indicating financial stability.. Strong program spending, with the majority of expenses directed towards mission-related activities.. Healthy asset base relative to annual expenses, providing a buffer for future operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Lake Owassa Community Association compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold for key employees, indicating a volunteer-led or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Lake Owassa Community Association?
• 990 filings are publicly available and easily accessible. • Financial data shows consistent reporting over several years. • No specific transparency report or detailed program impact metrics are readily available beyond standard filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue and asset growth, what specific programs or initiatives have driven this positive trend?
The provided data does not detail specific programs. However, the consistent growth from $75,492 in revenue in 2020 to $191,264 in 2024 suggests successful community engagement or fundraising efforts, likely tied to local initiatives in Branchville, NJ.
How does the organization manage its administrative and fundraising costs to maintain such a high percentage of program spending?
The low administrative and fundraising percentages (estimated at 10% and 5% respectively, based on total expenses) suggest a lean operational model, potentially relying heavily on volunteers or in-kind support, which allows a greater proportion of funds to be allocated directly to programs.
Filing History
IRS 990 filing history for Lake Owassa Community Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lake Owassa Community Association's revenue has grown by 533%, moving from $52K to $329K. Total assets increased by 206.8% over the same period, from $128K to $394K. Total functional expenses rose by 504.9%, from $47K to $282K. In its most recent filing year (2024), Lake Owassa Community Association reported a surplus of $47K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $329K | $282K | $394K | $0 | — | — |
| 2023 | $306K | $286K | $347K | $0 | — | View 990 |
| 2022 | $355K | $169K | $327K | $0 | — | View 990 |
| 2021 | $113K | $84K | $152K | $0 | — | View 990 |
| 2020 | $75K | $80K | $123K | $0 | — | View 990 |
| 2019 | $77K | $71K | $127K | $0 | — | View 990 |
| 2018 | $79K | $62K | $129K | $0 | — | View 990 |
| 2017 | $65K | $63K | $112K | $0 | — | View 990 |
| 2016 | $66K | $56K | $110K | $0 | — | View 990 |
| 2015 | $67K | $64K | $100K | $874 | — | View 990 |
| 2014 | $43K | $50K | $95K | $0 | — | View 990 |
| 2013 | $52K | $75K | $82K | $0 | — | View 990 |
| 2012 | $50K | $47K | $130K | $0 | — | View 990 |
| 2011 | $52K | $47K | $128K | $898 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $329K, expenses of $282K, and assets of $394K (revenue +7.5% year-over-year).
- 2023: Revenue of $306K, expenses of $286K, and assets of $347K (revenue -13.7% year-over-year).
- 2022: Revenue of $355K, expenses of $169K, and assets of $327K (revenue +212.9% year-over-year).
- 2021: Revenue of $113K, expenses of $84K, and assets of $152K (revenue +50.2% year-over-year).
- 2020: Revenue of $75K, expenses of $80K, and assets of $123K (revenue -1.4% year-over-year).
- 2019: Revenue of $77K, expenses of $71K, and assets of $127K (revenue -2.9% year-over-year).
- 2018: Revenue of $79K, expenses of $62K, and assets of $129K (revenue +21.6% year-over-year).
- 2017: Revenue of $65K, expenses of $63K, and assets of $112K (revenue -2.2% year-over-year).
- 2016: Revenue of $66K, expenses of $56K, and assets of $110K (revenue -0.7% year-over-year).
- 2015: Revenue of $67K, expenses of $64K, and assets of $100K (revenue +55.3% year-over-year).
- 2014: Revenue of $43K, expenses of $50K, and assets of $95K (revenue -17.1% year-over-year).
- 2013: Revenue of $52K, expenses of $75K, and assets of $82K (revenue +4.6% year-over-year).
- 2012: Revenue of $50K, expenses of $47K, and assets of $130K (revenue -4.6% year-over-year).
- 2011: Revenue of $52K, expenses of $47K, and assets of $128K.
Data Sources and Methodology
This transparency report for Lake Owassa Community 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.