Lakes Region Humane Society Inc
Lakes Region Humane Society Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 20442957 · Ossipee, NH · NTEE: D200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $746K |
| Total Expenses | $473K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $600,000. |
| Net Assets | $2.3M |
| Transparency Score | 95/100 |
Is Lakes Region Humane Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakes Region Humane Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakes Region Humane Society Inc
Lakes Region Humane Society Inc (EIN: 20442957) is a nonprofit organization based in Ossipee, NH, classified under NTEE code D200. The organization reported total revenue of $746K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Humane Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Region Humane Society Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $608K |
| Total Expenses | $473K |
| Surplus / Deficit | +$134K |
| Total Assets | $2.4M |
| Total Liabilities | $11K |
| Net Assets | $2.3M |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 59.8 months |
Financial Health Grade: A
In 2023, Lakes Region Humane Society Inc reported a surplus of $134K with revenue exceeding expenses, holds 59.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lakes Region Humane Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | +19.3% | +5.9% |
| 2022 | -0.6% | +5.5% | +11.3% |
| 2021 | +1.0% | +10.2% | +13.1% |
| 2020 | +49.1% | -5.0% | +25.8% |
| 2019 | +2.8% | +5.3% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Lakes Region Humane Society Inc with a Mission Score of 95 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Lakes Region Humane Society Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with revenues exceeding $600,000.
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 Lakes Region Humane Society Inc:
- Consistent revenue growth from $380,485 in 2014 to $607,594 in 2023.
- Significant asset accumulation, growing from $862,538 in 2014 to $2,358,676 in 2023.
- 0% reported officer compensation across all filings, indicating strong volunteer leadership or highly efficient compensation practices.
- Low liabilities relative to assets, demonstrating financial stability.
- Expenses consistently well below revenue, allowing for healthy reserves and asset growth.
Frequently Asked Questions about Lakes Region Humane Society Inc
Is Lakes Region Humane Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Humane Society Inc (EIN: 20442957) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Lakes Region Humane Society Inc spend its money?
Lakes Region Humane Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakes Region Humane Society Inc tax-deductible?
Lakes Region Humane Society Inc is registered as a tax-exempt nonprofit (EIN: 20442957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakes Region Humane Society Inc CEO make?
Lakes Region Humane Society Inc's highest-compensated officer earns $600,000. annually. The organization reported $746K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakes Region Humane Society Inc's spending goes to programs?
Lakes Region Humane Society Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakes Region Humane Society Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Lakes Region Humane Society Inc is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakes Region Humane Society Inc located?
Lakes Region Humane Society Inc is headquartered in Ossipee, New Hampshire and files with the IRS under EIN 20442957. It is classified under NTEE code D200.
How many years of IRS 990 filings does Lakes Region Humane Society Inc have?
Lakes Region Humane Society Inc 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 $746K in total revenue.
Is Lakes Region Humane Society Inc a good charity?
Based on the financial data, Lakes Region Humane Society Inc appears to be a very good charity. They demonstrate strong financial health, consistent asset growth, and a commitment to directing funds towards their mission by reporting 0% officer compensation.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade, with revenue increasing from $380,485 in 2014 to $607,594 in 2023, and assets growing from $862,538 to $2,358,676 in the same period, indicating robust growth and stability.
What is the trend in their liabilities?
Liabilities have remained consistently low relative to assets, fluctuating between $8,081 and $24,957 over the past decade, which suggests sound financial management and minimal debt burden.
Filing History
IRS 990 filing history for Lakes Region Humane Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakes Region Humane Society Inc's revenue has grown by 47.3%, moving from $412K to $608K. Total assets increased by 176.8% over the same period, from $852K to $2.4M. Total functional expenses rose by 109.1%, from $226K to $473K. In its most recent filing year (2023), Lakes Region Humane Society Inc reported a surplus of $134K, with revenue exceeding expenses. The organization holds $11K in liabilities against $2.4M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $608K | $473K | $2.4M | $11K | — | — |
| 2022 | $617K | $397K | $2.2M | $16K | — | View 990 |
| 2021 | $620K | $376K | $2.0M | $13K | — | View 990 |
| 2020 | $614K | $341K | $1.8M | $25K | — | — |
| 2019 | $412K | $359K | $1.4M | $14K | — | View 990 |
| 2018 | $401K | $341K | $1.3M | $15K | — | View 990 |
| 2017 | $409K | $316K | $1.3M | $13K | — | View 990 |
| 2016 | $419K | $303K | $1.1M | $21K | — | View 990 |
| 2015 | $405K | $271K | $1.0M | $17K | — | View 990 |
| 2014 | $380K | $285K | $863K | $8K | — | View 990 |
| 2013 | $238K | $232K | $779K | $54K | — | View 990 |
| 2012 | $196K | $208K | $803K | $84K | — | View 990 |
| 2011 | $412K | $226K | $852K | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $608K, expenses of $473K, and assets of $2.4M (revenue -1.5% year-over-year).
- 2022: Revenue of $617K, expenses of $397K, and assets of $2.2M (revenue -0.6% year-over-year).
- 2021: Revenue of $620K, expenses of $376K, and assets of $2.0M (revenue +1.0% year-over-year).
- 2020: Revenue of $614K, expenses of $341K, and assets of $1.8M (revenue +49.1% year-over-year).
- 2019: Revenue of $412K, expenses of $359K, and assets of $1.4M (revenue +2.8% year-over-year).
- 2018: Revenue of $401K, expenses of $341K, and assets of $1.3M (revenue -1.9% year-over-year).
- 2017: Revenue of $409K, expenses of $316K, and assets of $1.3M (revenue -2.4% year-over-year).
- 2016: Revenue of $419K, expenses of $303K, and assets of $1.1M (revenue +3.3% year-over-year).
- 2015: Revenue of $405K, expenses of $271K, and assets of $1.0M (revenue +6.5% year-over-year).
- 2014: Revenue of $380K, expenses of $285K, and assets of $863K (revenue +59.8% year-over-year).
- 2013: Revenue of $238K, expenses of $232K, and assets of $779K (revenue +21.3% year-over-year).
- 2012: Revenue of $196K, expenses of $208K, and assets of $803K (revenue -52.4% year-over-year).
- 2011: Revenue of $412K, expenses of $226K, and assets of $852K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Region Humane Society Inc:
Data Sources and Methodology
This transparency report for Lakes Region Humane Society Inc 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.