Lake Sunapee Region Chamber Of Commerce
Lake Sunapee Region Chamber of Commerce maintains stable finances with no reported officer compensation.
EIN: 20278693 · New London, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $78K |
| Program Spending | 80% |
| Net Assets | $118K |
| Transparency Score | 75/100 |
Is Lake Sunapee Region Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Sunapee Region Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Sunapee Region Chamber Of Commerce
Lake Sunapee Region Chamber Of Commerce (EIN: 20278693) is a nonprofit organization based in New London, NH. The organization reported total revenue of $120K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Sunapee Region Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Sunapee Region Chamber Of Commerce is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $78K |
| Surplus / Deficit | +$15K |
| Total Assets | $120K |
| Total Liabilities | $1K |
| Net Assets | $118K |
| Operating Margin | 16.2% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 18.3 months |
Financial Health Grade: A
In 2023, Lake Sunapee Region Chamber Of Commerce reported a surplus of $15K with revenue exceeding expenses, holds 18.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Sunapee Region Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.8% | -3.3% | +14.7% |
| 2022 | -23.9% | -4.4% | -5.8% |
| 2021 | +59.6% | +30.7% | +13.8% |
| 2020 | -24.6% | -6.7% | -2.2% |
| 2019 | -10.3% | -6.7% | +14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1971 |
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 Sunapee Region Chamber Of Commerce 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, Lake Sunapee Region Chamber Of Commerce 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that leadership roles are either volunteer or compensated through means not classified as officer compensation, which is highly efficient for an organization of this size.
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 Lake Sunapee Region Chamber Of Commerce's IRS 990 filings:
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Lake Sunapee Region Chamber Of Commerce:
- Consistent financial stability with stable revenues and assets.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Very low liabilities, demonstrating strong financial management.
- Consistent filing of IRS 990s, indicating good transparency.
Frequently Asked Questions about Lake Sunapee Region Chamber Of Commerce
Is Lake Sunapee Region Chamber Of Commerce a legitimate charity?
Lake Sunapee Region Chamber Of Commerce (EIN: 20278693) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $120K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lake Sunapee Region Chamber Of Commerce spend its money?
Lake Sunapee Region Chamber Of Commerce directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake Sunapee Region Chamber Of Commerce tax-deductible?
Lake Sunapee Region Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20278693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake Sunapee Region Chamber Of Commerce's spending goes to programs?
Lake Sunapee Region Chamber Of Commerce directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lake Sunapee Region Chamber Of Commerce located?
Lake Sunapee Region Chamber Of Commerce is headquartered in New London, New Hampshire and files with the IRS under EIN 20278693.
How many years of IRS 990 filings does Lake Sunapee Region Chamber Of Commerce have?
Lake Sunapee Region Chamber Of Commerce 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 $120K in total revenue.
Is Lake Sunapee Region Chamber Of Commerce a good charity?
Based on the available IRS 990 data, the Lake Sunapee Region Chamber of Commerce appears to be a financially stable organization with consistent revenue and expenses. Its consistent reporting of 0% officer compensation suggests efficient use of funds, which is a positive indicator for a small community-focused entity.
How has the organization's financial health changed over time?
The organization's financial health has remained relatively stable over the past decade, with revenues and expenses fluctuating but generally staying within a consistent range. Assets have also shown stability, indicating a consistent operational capacity.
What is the trend in the organization's assets and liabilities?
Assets have generally trended upwards in recent years, reaching $119,543 in 202312 from $70,018 in 201712, indicating growth in its financial base. Liabilities have consistently remained very low, typically under $2,000, demonstrating strong financial management and minimal debt.
Filing History
IRS 990 filing history for Lake Sunapee Region Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Sunapee Region Chamber Of Commerce's revenue has grown by 111.8%, moving from $44K to $94K. Total assets increased by 68.6% over the same period, from $71K to $120K. Total functional expenses rose by 49.7%, from $52K to $78K. In its most recent filing year (2023), Lake Sunapee Region Chamber Of Commerce reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1K in liabilities against $120K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $78K | $120K | $1K | — | — |
| 2022 | $76K | $81K | $104K | $1K | — | — |
| 2021 | $99K | $85K | $111K | $2K | — | — |
| 2020 | $62K | $65K | $97K | $2K | — | View 990 |
| 2019 | $83K | $70K | $99K | $2K | — | View 990 |
| 2018 | $92K | $75K | $87K | $984 | — | View 990 |
| 2017 | $80K | $87K | $70K | $1K | — | View 990 |
| 2016 | $62K | $74K | $76K | $0 | — | View 990 |
| 2015 | $52K | $60K | $87K | $0 | — | — |
| 2014 | $72K | $69K | $101K | $5K | — | View 990 |
| 2013 | $76K | $66K | $99K | $5K | — | View 990 |
| 2012 | $67K | $54K | $84K | $1K | — | View 990 |
| 2011 | $44K | $52K | $71K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $78K, and assets of $120K (revenue +23.8% year-over-year).
- 2022: Revenue of $76K, expenses of $81K, and assets of $104K (revenue -23.9% year-over-year).
- 2021: Revenue of $99K, expenses of $85K, and assets of $111K (revenue +59.6% year-over-year).
- 2020: Revenue of $62K, expenses of $65K, and assets of $97K (revenue -24.6% year-over-year).
- 2019: Revenue of $83K, expenses of $70K, and assets of $99K (revenue -10.3% year-over-year).
- 2018: Revenue of $92K, expenses of $75K, and assets of $87K (revenue +15.6% year-over-year).
- 2017: Revenue of $80K, expenses of $87K, and assets of $70K (revenue +28.0% year-over-year).
- 2016: Revenue of $62K, expenses of $74K, and assets of $76K (revenue +20.5% year-over-year).
- 2015: Revenue of $52K, expenses of $60K, and assets of $87K (revenue -27.9% year-over-year).
- 2014: Revenue of $72K, expenses of $69K, and assets of $101K (revenue -5.9% year-over-year).
- 2013: Revenue of $76K, expenses of $66K, and assets of $99K (revenue +13.0% year-over-year).
- 2012: Revenue of $67K, expenses of $54K, and assets of $84K (revenue +52.2% year-over-year).
- 2011: Revenue of $44K, expenses of $52K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Sunapee Region Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Lake Sunapee Region Chamber Of Commerce 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.