Lake Owassa Community Association

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Lake Owassa Community Association Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lake Owassa Community Association 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 Lake Owassa Community Association in one place.

Is Lake Owassa Community Association Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Lake Owassa Community Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Lake Owassa Community Association with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Lake Owassa Community Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Lake Owassa Community Association is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.3%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Lake Owassa Community Association reported a surplus of $47K with revenue exceeding expenses, holds 16.8 months of operating reserves (strong position).

Financial Trends

Over 14 years of filings (2011–2024), Lake Owassa Community Association's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $47K, with revenue exceeding expenses.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lake Owassa Community Association:

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.