Lake Winnipesaukee Association
Lake Winnipesaukee Association shows consistent revenue and asset growth with no reported officer compensation.
EIN: 20332012 · Meredith, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $969K |
| Total Expenses | $274K |
| Program Spending | 85% |
| Net Assets | $305K |
| Transparency Score | 90/100 |
Is Lake Winnipesaukee Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Winnipesaukee Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Winnipesaukee Association
Lake Winnipesaukee Association (EIN: 20332012) is a nonprofit organization based in Meredith, NH. The organization reported total revenue of $969K and total assets of $837K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Winnipesaukee Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Winnipesaukee Association is a small nonprofit that has been operating for 49 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $334K |
| Total Expenses | $274K |
| Surplus / Deficit | +$61K |
| Total Assets | $305K |
| Total Liabilities | $400 |
| Net Assets | $305K |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Lake Winnipesaukee Association reported a surplus of $61K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Lake Winnipesaukee Association's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.9% | -12.0% | +22.0% |
| 2022 | -0.8% | +37.1% | -9.3% |
| 2021 | +23.1% | +10.2% | -4.9% |
| 2020 | +92.7% | +88.2% | +66.0% |
| 2019 | +10.1% | +81.2% | +52.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Association with a Mission Score of 90 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, Lake Winnipesaukee 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is highly favorable for directing funds to mission-related activities.
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 Winnipesaukee Association:
- Consistent revenue growth, from $94,622 in 201512 to $334,206 in 202312.
- Strong asset growth, from $57,392 in 201512 to $305,015 in 202312.
- No reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Positive net income in most recent periods, such as a $60,675 surplus in 202312 ($334,206 revenue - $273,531 expenses).
- Low liabilities in the most recent period ($400 in 202312) relative to assets, indicating strong financial solvency.
Frequently Asked Questions about Lake Winnipesaukee Association
Is Lake Winnipesaukee Association a legitimate charity?
Lake Winnipesaukee Association (EIN: 20332012) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 9 years of IRS 990 filings on record. Total revenue: $969K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lake Winnipesaukee Association spend its money?
Lake Winnipesaukee Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake Winnipesaukee Association tax-deductible?
Lake Winnipesaukee Association is registered as a tax-exempt nonprofit (EIN: 20332012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake Winnipesaukee Association's spending goes to programs?
Lake Winnipesaukee Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lake Winnipesaukee Association located?
Lake Winnipesaukee Association is headquartered in Meredith, New Hampshire and files with the IRS under EIN 20332012.
How many years of IRS 990 filings does Lake Winnipesaukee Association have?
Lake Winnipesaukee Association has 9 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 $969K in total revenue.
Is Lake Winnipesaukee Association a good charity?
Based on the provided financial data, the Lake Winnipesaukee Association appears to be a well-managed charity. It demonstrates consistent revenue growth, a healthy surplus in recent years (e.g., $334,206 revenue vs. $273,531 expenses in 202312), and no reported officer compensation, indicating efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Revenue has grown from $94,622 in 201512 to $334,206 in 202312, and assets have increased from $57,392 to $305,015 over the same period, demonstrating strong growth and stability.
What is the trend in liabilities?
Liabilities have fluctuated but generally remained manageable relative to assets. For instance, in 202012, liabilities were $166,877 against assets of $290,058, while in 202312, liabilities were $400 against assets of $305,015, indicating a very low debt burden in the most recent period.
Filing History
IRS 990 filing history for Lake Winnipesaukee Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Lake Winnipesaukee Association's revenue has grown by 253.2%, moving from $95K to $334K. Total assets increased by 431.5% over the same period, from $57K to $305K. Total functional expenses rose by 165.4%, from $103K to $274K. In its most recent filing year (2023), Lake Winnipesaukee Association reported a surplus of $61K, with revenue exceeding expenses. The organization holds $400 in liabilities against $305K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $305K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $334K | $274K | $305K | $400 | — | — |
| 2022 | $274K | $311K | $250K | $6K | — | View 990 |
| 2021 | $276K | $227K | $276K | $129 | — | View 990 |
| 2020 | $224K | $206K | $290K | $167K | — | View 990 |
| 2019 | $116K | $109K | $175K | $71K | — | View 990 |
| 2018 | $106K | $60K | $115K | $18K | — | View 990 |
| 2017 | $85K | $71K | $78K | $26K | — | View 990 |
| 2016 | $72K | $61K | $68K | $31K | — | View 990 |
| 2015 | $95K | $103K | $57K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $334K, expenses of $274K, and assets of $305K (revenue +21.9% year-over-year).
- 2022: Revenue of $274K, expenses of $311K, and assets of $250K (revenue -0.8% year-over-year).
- 2021: Revenue of $276K, expenses of $227K, and assets of $276K (revenue +23.1% year-over-year).
- 2020: Revenue of $224K, expenses of $206K, and assets of $290K (revenue +92.7% year-over-year).
- 2019: Revenue of $116K, expenses of $109K, and assets of $175K (revenue +10.1% year-over-year).
- 2018: Revenue of $106K, expenses of $60K, and assets of $115K (revenue +23.9% year-over-year).
- 2017: Revenue of $85K, expenses of $71K, and assets of $78K (revenue +19.0% year-over-year).
- 2016: Revenue of $72K, expenses of $61K, and assets of $68K (revenue -24.2% year-over-year).
- 2015: Revenue of $95K, expenses of $103K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Winnipesaukee Association:
Data Sources and Methodology
This transparency report for Lake Winnipesaukee 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.