Lake Winnipesaukee Antique Museum
Lake Winnipesaukee Antique Museum faces significant financial instability with recurring negative revenue and declining assets.
EIN: 20522579 · Manchester, NH · NTEE: A500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $290K |
| Total Expenses | $36K |
| Program Spending | 70% |
| Net Assets | $879K |
| Transparency Score | 55/100 |
Is Lake Winnipesaukee Antique Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Winnipesaukee Antique Museum directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lake Winnipesaukee Antique Museum
Lake Winnipesaukee Antique Museum (EIN: 20522579) is a nonprofit organization based in Manchester, NH, classified under NTEE code A500. The organization reported total revenue of $290K and total assets of $729K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Winnipesaukee Antique Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Winnipesaukee Antique Museum is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -493.3% | +62.7% | -13.8% |
| 2022 | +7.5% | +4.2% | -1.3% |
| 2021 | +7.0% | -8.6% | +1.5% |
| 2020 | -25.8% | +3.2% | +0.8% |
| 2019 | +84.3% | -1.3% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Winnipesaukee Antique Museum with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lake Winnipesaukee Antique Museum allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization operates without paid officers, which is commendable for a small museum of its 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 Winnipesaukee Antique Museum's IRS 990 filings:
- Recurring negative revenue in multiple years (e.g., $-116,132 in 2023, $-32,093 in 2017, $-74,340 in 2015).
- Significant decline in total assets over the past decade (from $1,165,512 in 2014 to $879,266 in 2023).
- Inconsistent revenue streams, making financial planning and sustainability challenging.
Strengths
The following positive indicators were identified for Lake Winnipesaukee Antique Museum:
- Consistently reports 0% officer compensation, indicating a volunteer-led or very lean executive structure.
- Maintains $0 in liabilities across all reported periods, demonstrating strong fiscal conservatism.
- Long filing history (14 filings) suggests a commitment to transparency, despite financial challenges.
Frequently Asked Questions about Lake Winnipesaukee Antique Museum
Is Lake Winnipesaukee Antique Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Winnipesaukee Antique Museum (EIN: 20522579) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Lake Winnipesaukee Antique Museum spend its money?
Lake Winnipesaukee Antique Museum directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Winnipesaukee Antique Museum tax-deductible?
Lake Winnipesaukee Antique Museum is registered as a tax-exempt nonprofit (EIN: 20522579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake Winnipesaukee Antique Museum's spending goes to programs?
Lake Winnipesaukee Antique Museum directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Lake Winnipesaukee Antique Museum compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Lake Winnipesaukee Antique Museum is near average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Winnipesaukee Antique Museum located?
Lake Winnipesaukee Antique Museum is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20522579. It is classified under NTEE code A500.
How many years of IRS 990 filings does Lake Winnipesaukee Antique Museum have?
Lake Winnipesaukee Antique Museum has 14 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 $290K in total revenue.
Is Lake Winnipesaukee Antique Museum a good charity?
The museum demonstrates strong transparency regarding executive compensation (0%) and has no reported liabilities. However, its financial stability is a concern due to recurring negative revenue and a declining asset base, which could impact its long-term ability to fulfill its mission.
Why is the revenue negative in some years?
Negative revenue figures, such as $-116,132 in 2023, $-32,093 in 2017, and $-74,340 in 2015, typically indicate that the organization's expenses exceeded its income, or that significant returns/adjustments were made, resulting in a net outflow of funds rather than an inflow.
What is the trend in the organization's assets?
The organization's assets have shown a consistent decline over the past decade, from $1,165,512 in 2014 to $879,266 in 2023, representing a decrease of approximately 24.5%.
How does the museum manage its liabilities?
The museum consistently reports $0 in liabilities across all available filings, indicating a very conservative financial approach with no outstanding debts.
What is the average annual expense for the museum?
Over the last 10 years (2014-2023), the average annual expense for the museum is approximately $29,130, calculated from the sum of expenses ($291,305) divided by 10 years.
Filing History
IRS 990 filing history for Lake Winnipesaukee Antique Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lake Winnipesaukee Antique Museum's revenue has declined by 219%, moving from $98K to $-116,132. Total assets decreased by 32% over the same period, from $1.3M to $879K. Total functional expenses rose by 24.4%, from $29K to $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-116,132 | $36K | $879K | $0 | — | — |
| 2022 | $30K | $22K | $1.0M | $0 | — | View 990 |
| 2021 | $27K | $21K | $1.0M | $0 | — | — |
| 2020 | $26K | $23K | $1.0M | $0 | — | View 990 |
| 2019 | $35K | $23K | $1.0M | $0 | — | View 990 |
| 2018 | $19K | $23K | $981K | $0 | — | View 990 |
| 2017 | $-32,093 | $20K | $998K | $0 | — | — |
| 2016 | $23K | $31K | $1.1M | $0 | — | View 990 |
| 2015 | $-74,340 | $34K | $1.1M | $0 | — | View 990 |
| 2014 | $65K | $49K | $1.2M | $0 | — | View 990 |
| 2013 | $32K | $29K | $1.1M | $0 | — | View 990 |
| 2012 | $-4,380 | $39K | $1.1M | $0 | — | View 990 |
| 2011 | $16K | $41K | $1.2M | $0 | — | View 990 |
| 2010 | $98K | $29K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-116,132, expenses of $36K, and assets of $879K (revenue -493.3% year-over-year).
- 2022: Revenue of $30K, expenses of $22K, and assets of $1.0M (revenue +7.5% year-over-year).
- 2021: Revenue of $27K, expenses of $21K, and assets of $1.0M (revenue +7.0% year-over-year).
- 2020: Revenue of $26K, expenses of $23K, and assets of $1.0M (revenue -25.8% year-over-year).
- 2019: Revenue of $35K, expenses of $23K, and assets of $1.0M (revenue +84.3% year-over-year).
- 2018: Revenue of $19K, expenses of $23K, and assets of $981K.
- 2017: Revenue of $-32,093, expenses of $20K, and assets of $998K (revenue -236.8% year-over-year).
- 2016: Revenue of $23K, expenses of $31K, and assets of $1.1M.
- 2015: Revenue of $-74,340, expenses of $34K, and assets of $1.1M (revenue -213.7% year-over-year).
- 2014: Revenue of $65K, expenses of $49K, and assets of $1.2M (revenue +107.4% year-over-year).
- 2013: Revenue of $32K, expenses of $29K, and assets of $1.1M.
- 2012: Revenue of $-4,380, expenses of $39K, and assets of $1.1M (revenue -126.6% year-over-year).
- 2011: Revenue of $16K, expenses of $41K, and assets of $1.2M (revenue -83.1% year-over-year).
- 2010: Revenue of $98K, expenses of $29K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Winnipesaukee Antique Museum:
Data Sources and Methodology
This transparency report for Lake Winnipesaukee Antique Museum 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.