Lambs Workshop Inc
Lambs Workshop Inc. maintains stable operations with volunteer leadership, experiencing occasional deficits but generally managing assets prudently.
EIN: 20361471 · Bedford, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $321K |
| Program Spending | 85% |
| Net Assets | $216K |
| Transparency Score | 80/100 |
Is Lambs Workshop Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lambs Workshop Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lambs Workshop Inc
Lambs Workshop Inc (EIN: 20361471) is a nonprofit organization based in Bedford, NH. The organization reported total revenue of $273K and total assets of $239K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lambs Workshop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lambs Workshop Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $321K |
| Surplus / Deficit | $-58,413 |
| Total Assets | $216K |
| Net Assets | $216K |
| Operating Margin | -22.2% |
| Months of Reserves | 8.1 months |
Financial Health Grade: B
In 2024, Lambs Workshop Inc reported a deficit of $58K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Lambs Workshop Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -22.6% | +7.1% | -14.7% |
| 2023 | +8.4% | -4.8% | +27.6% |
| 2022 | +40.1% | +11.6% | +7.3% |
| 2021 | -13.8% | +4.6% | +6.1% |
| 2020 | -4.1% | -1.4% | +37.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Lambs Workshop Inc with a Mission Score of 80 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, Lambs Workshop Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization is likely run by volunteers or that compensation falls below reporting thresholds, which is a positive sign for directing resources to its mission.
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 Lambs Workshop Inc's IRS 990 filings:
- Occasional operational deficits (e.g., $58,413 in 2024, $58,613 in 2021) where expenses exceed revenue, potentially drawing down reserves.
Strengths
The following positive indicators were identified for Lambs Workshop Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong compliance with regulatory requirements, evidenced by 13 IRS 990 filings.
- Absence of liabilities in most recent filings, suggesting prudent financial management.
- Growing asset base over the past decade, from $153,427 in 2015 to $215,795 in 2024.
Frequently Asked Questions about Lambs Workshop Inc
Is Lambs Workshop Inc a legitimate charity?
Lambs Workshop Inc (EIN: 20361471) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $273K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Lambs Workshop Inc spend its money?
Lambs Workshop Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lambs Workshop Inc tax-deductible?
Lambs Workshop Inc is registered as a tax-exempt nonprofit (EIN: 20361471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lambs Workshop Inc's spending goes to programs?
Lambs Workshop Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lambs Workshop Inc located?
Lambs Workshop Inc is headquartered in Bedford, New Hampshire and files with the IRS under EIN 20361471.
How many years of IRS 990 filings does Lambs Workshop Inc have?
Lambs Workshop 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 $273K in total revenue.
Is Lambs Workshop Inc. financially stable?
Yes, the organization generally maintains financial stability, with assets growing from $153,427 in 2015 to $215,795 in 2024 and liabilities consistently at $0 in most recent years, despite occasional operational deficits.
How does Lambs Workshop Inc. manage its expenses?
The organization typically operates near break-even, with revenues and expenses closely aligned. While there are periods of deficits (e.g., $58,413 in 2024), there are also surpluses (e.g., $39,765 in 2023), suggesting careful, though sometimes challenging, expense management.
Does Lambs Workshop Inc. pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that leadership is likely volunteer-based or compensated below reporting thresholds, which is a positive for resource allocation.
What is the trend in Lambs Workshop Inc.'s assets?
The organization's assets have shown a positive trend, increasing from $153,427 in 2015 to $215,795 in 2024, demonstrating a gradual accumulation of resources over time.
Filing History
IRS 990 filing history for Lambs Workshop Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Lambs Workshop Inc's revenue has declined by 5.3%, moving from $277K to $263K. Total assets increased by 77.1% over the same period, from $122K to $216K. Total functional expenses rose by 25%, from $257K to $321K. In its most recent filing year (2024), Lambs Workshop Inc reported a deficit of $58K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $263K | $321K | $216K | $0 | — | — |
| 2023 | $340K | $300K | $253K | $0 | — | — |
| 2022 | $313K | $315K | $198K | $0 | — | View 990 |
| 2021 | $224K | $282K | $185K | $50K | — | — |
| 2020 | $260K | $270K | $174K | $50K | — | View 990 |
| 2019 | $271K | $274K | $127K | $0 | — | View 990 |
| 2018 | $249K | $263K | $130K | $0 | — | View 990 |
| 2017 | $260K | $270K | $143K | $0 | — | View 990 |
| 2016 | $267K | $268K | $152K | $0 | — | View 990 |
| 2015 | $259K | $260K | $153K | $0 | — | View 990 |
| 2014 | $279K | $271K | $154K | $0 | — | View 990 |
| 2013 | $280K | $256K | $146K | $0 | — | View 990 |
| 2012 | $277K | $257K | $122K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $263K, expenses of $321K, and assets of $216K (revenue -22.6% year-over-year).
- 2023: Revenue of $340K, expenses of $300K, and assets of $253K (revenue +8.4% year-over-year).
- 2022: Revenue of $313K, expenses of $315K, and assets of $198K (revenue +40.1% year-over-year).
- 2021: Revenue of $224K, expenses of $282K, and assets of $185K (revenue -13.8% year-over-year).
- 2020: Revenue of $260K, expenses of $270K, and assets of $174K (revenue -4.1% year-over-year).
- 2019: Revenue of $271K, expenses of $274K, and assets of $127K (revenue +8.6% year-over-year).
- 2018: Revenue of $249K, expenses of $263K, and assets of $130K (revenue -4.3% year-over-year).
- 2017: Revenue of $260K, expenses of $270K, and assets of $143K (revenue -2.4% year-over-year).
- 2016: Revenue of $267K, expenses of $268K, and assets of $152K (revenue +3.3% year-over-year).
- 2015: Revenue of $259K, expenses of $260K, and assets of $153K (revenue -7.4% year-over-year).
- 2014: Revenue of $279K, expenses of $271K, and assets of $154K (revenue -0.4% year-over-year).
- 2013: Revenue of $280K, expenses of $256K, and assets of $146K (revenue +1.0% year-over-year).
- 2012: Revenue of $277K, expenses of $257K, and assets of $122K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lambs Workshop Inc:
Data Sources and Methodology
This transparency report for Lambs Workshop 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.