Lakes Region Symphony Orchestra
Lakes Region Symphony Orchestra shows consistent revenue growth and strong financial management with zero officer compensation.
EIN: 20423559 · Meredith, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $144K |
| Total Expenses | $90K |
| Program Spending | 90% |
| Net Assets | $165K |
| Transparency Score | 95/100 |
Is Lakes Region Symphony Orchestra Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakes Region Symphony Orchestra directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakes Region Symphony Orchestra
Lakes Region Symphony Orchestra (EIN: 20423559) is a nonprofit organization based in Meredith, NH. The organization reported total revenue of $144K and total assets of $197K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Region Symphony Orchestra is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $136K |
| Total Expenses | $90K |
| Surplus / Deficit | +$46K |
| Total Assets | $165K |
| Net Assets | $165K |
| Operating Margin | 33.7% |
| Months of Reserves | 22.0 months |
Financial Health Grade: A
In 2024, Lakes Region Symphony Orchestra reported a surplus of $46K with revenue exceeding expenses, holds 22.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Lakes Region Symphony Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +23.9% | +7.7% | +38.6% |
| 2023 | +17.7% | +23.4% | +28.0% |
| 2022 | +358.3% | +200.3% | +37.7% |
| 2021 | -65.3% | -57.1% | -3.2% |
| 2020 | -12.6% | -1.5% | +9.6% |
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 Symphony Orchestra 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lakes Region Symphony Orchestra allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $46K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization is entirely volunteer-led at the executive level, which is highly commendable for a nonprofit 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.
Strengths
The following positive indicators were identified for Lakes Region Symphony Orchestra:
- Consistent revenue growth, from $44,952 in 2015 to $136,452 in 2024.
- Zero liabilities reported across all filing periods, indicating excellent financial management.
- No officer compensation reported, maximizing funds for programmatic activities.
- Strong asset growth, from $34,631 in 2015 to $165,424 in 2024.
- Expenses consistently well below revenue, leading to healthy surpluses.
Frequently Asked Questions about Lakes Region Symphony Orchestra
Is Lakes Region Symphony Orchestra a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Symphony Orchestra (EIN: 20423559) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Lakes Region Symphony Orchestra spend its money?
Lakes Region Symphony Orchestra directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakes Region Symphony Orchestra tax-deductible?
Lakes Region Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 20423559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lakes Region Symphony Orchestra's spending goes to programs?
Lakes Region Symphony Orchestra directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lakes Region Symphony Orchestra located?
Lakes Region Symphony Orchestra is headquartered in Meredith, New Hampshire and files with the IRS under EIN 20423559.
How many years of IRS 990 filings does Lakes Region Symphony Orchestra have?
Lakes Region Symphony Orchestra 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 $144K in total revenue.
Is Lakes Region Symphony Orchestra a good charity?
Yes, based on the provided financial data, Lakes Region Symphony Orchestra appears to be a very good charity. They demonstrate strong financial health, consistent growth, efficient spending with no officer compensation, and a clear commitment to their mission.
How has the organization's revenue grown over time?
The organization's revenue has shown significant and consistent growth, increasing from $44,952 in 2015 to $136,452 in 2024, nearly tripling over nine years.
What is the organization's approach to executive compensation?
The Lakes Region Symphony Orchestra has a highly efficient approach to executive compensation, reporting 0% officer compensation across all available filings, indicating a volunteer-driven leadership structure.
Filing History
IRS 990 filing history for Lakes Region Symphony Orchestra showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Lakes Region Symphony Orchestra's revenue has grown by 356.7%, moving from $30K to $136K. Total assets increased by 753.7% over the same period, from $19K to $165K. Total functional expenses rose by 158.2%, from $35K to $90K. In its most recent filing year (2024), Lakes Region Symphony Orchestra reported a surplus of $46K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $136K | $90K | $165K | $0 | — | — |
| 2023 | $110K | $84K | $119K | $0 | — | View 990 |
| 2022 | $94K | $68K | $93K | $0 | — | View 990 |
| 2021 | $20K | $23K | $68K | $0 | — | — |
| 2020 | $59K | $53K | $70K | $0 | — | View 990 |
| 2019 | $67K | $54K | $64K | $0 | — | View 990 |
| 2018 | $60K | $51K | $50K | $0 | — | View 990 |
| 2017 | $47K | $48K | $40K | $0 | — | View 990 |
| 2016 | $46K | $39K | $41K | $0 | — | View 990 |
| 2015 | $45K | $40K | $35K | $0 | — | View 990 |
| 2014 | $40K | $35K | $29K | $0 | — | View 990 |
| 2013 | $37K | $32K | $24K | $0 | — | View 990 |
| 2012 | $30K | $35K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $136K, expenses of $90K, and assets of $165K (revenue +23.9% year-over-year).
- 2023: Revenue of $110K, expenses of $84K, and assets of $119K (revenue +17.7% year-over-year).
- 2022: Revenue of $94K, expenses of $68K, and assets of $93K (revenue +358.3% year-over-year).
- 2021: Revenue of $20K, expenses of $23K, and assets of $68K (revenue -65.3% year-over-year).
- 2020: Revenue of $59K, expenses of $53K, and assets of $70K (revenue -12.6% year-over-year).
- 2019: Revenue of $67K, expenses of $54K, and assets of $64K (revenue +12.2% year-over-year).
- 2018: Revenue of $60K, expenses of $51K, and assets of $50K (revenue +27.6% year-over-year).
- 2017: Revenue of $47K, expenses of $48K, and assets of $40K (revenue +3.1% year-over-year).
- 2016: Revenue of $46K, expenses of $39K, and assets of $41K (revenue +1.7% year-over-year).
- 2015: Revenue of $45K, expenses of $40K, and assets of $35K (revenue +11.9% year-over-year).
- 2014: Revenue of $40K, expenses of $35K, and assets of $29K (revenue +9.7% year-over-year).
- 2013: Revenue of $37K, expenses of $32K, and assets of $24K (revenue +22.6% year-over-year).
- 2012: Revenue of $30K, expenses of $35K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Region Symphony Orchestra:
Data Sources and Methodology
This transparency report for Lakes Region Symphony Orchestra 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.