Little Sebago Lake Association
Little Sebago Lake Association shows strong financial growth and zero liabilities with volunteer leadership.
EIN: 10437253 · Windham, ME · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $294K |
| Total Expenses | $147K |
| Program Spending | 90% |
| Net Assets | $606K |
| Transparency Score | 95/100 |
Is Little Sebago Lake Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Little Sebago Lake Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Little Sebago Lake Association
Little Sebago Lake Association (EIN: 10437253) is a nonprofit organization based in Windham, ME, classified under NTEE code C32. The organization reported total revenue of $294K and total assets of $677K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Sebago Lake Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Sebago Lake Association is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $267K |
| Total Expenses | $147K |
| Surplus / Deficit | +$119K |
| Total Assets | $606K |
| Net Assets | $606K |
| Operating Margin | 44.8% |
| Months of Reserves | 49.4 months |
Financial Health Grade: A
In 2023, Little Sebago Lake Association reported a surplus of $119K with revenue exceeding expenses, holds 49.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Little Sebago Lake Association's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.7% | -0.8% | +24.5% |
| 2022 | -7.1% | +16.9% | -5.8% |
| 2021 | +30.3% | +2.6% | +32.5% |
| 2020 | +16.8% | +0.8% | +20.0% |
| 2019 | +17.6% | +15.8% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Little Sebago Lake Association 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Little Sebago Lake Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $119K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with growing revenues and assets.
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 Little Sebago Lake Association:
- Consistent revenue growth, increasing from $105,623 in 2017 to $266,549 in 2023.
- Strong asset accumulation, growing from $282,031 in 2017 to $606,400 in 2023.
- Zero liabilities reported across all 13 filing periods, indicating excellent financial stability.
- 0% officer compensation reported in all filings, demonstrating a highly efficient, volunteer-led model.
- Expenses consistently well below revenue, allowing for significant surpluses and asset growth (e.g., 2023 expenses $147,247 vs. revenue $266,549).
Frequently Asked Questions about Little Sebago Lake Association
Is Little Sebago Lake Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Little Sebago Lake Association (EIN: 10437253) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Little Sebago Lake Association spend its money?
Little Sebago Lake Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Little Sebago Lake Association tax-deductible?
Little Sebago Lake Association is registered as a tax-exempt nonprofit (EIN: 10437253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Little Sebago Lake Association compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Little Sebago Lake Association is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Little Sebago Lake Association located?
Little Sebago Lake Association is headquartered in Windham, Maine and files with the IRS under EIN 10437253. It is classified under NTEE code C32.
How many years of IRS 990 filings does Little Sebago Lake Association have?
Little Sebago Lake Association 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 $294K in total revenue.
Is Little Sebago Lake Association a good charity?
Yes, based on the provided financial data, the Little Sebago Lake Association appears to be a very good charity. It demonstrates strong financial health, consistent revenue and asset growth, zero liabilities, and a volunteer-led structure with no officer compensation, indicating high efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $105,623 in 2017 to $266,549 in 2023, and assets have more than doubled from $282,031 to $606,400 in the same period, all while maintaining zero liabilities.
What is the organization's approach to executive compensation?
The Little Sebago Lake Association has a volunteer-driven leadership model, with 0% officer compensation reported in all 13 filings. This means no salaries are paid to its officers, maximizing funds for programs.
Filing History
IRS 990 filing history for Little Sebago Lake Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Little Sebago Lake Association's revenue has grown by 208.4%, moving from $86K to $267K. Total assets increased by 231% over the same period, from $183K to $606K. Total functional expenses rose by 82.1%, from $81K to $147K. In its most recent filing year (2023), Little Sebago Lake Association reported a surplus of $119K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $267K | $147K | $606K | $0 | — | — |
| 2022 | $187K | $148K | $487K | $0 | — | View 990 |
| 2021 | $201K | $127K | $517K | $0 | — | View 990 |
| 2020 | $154K | $124K | $390K | $0 | — | View 990 |
| 2019 | $132K | $123K | $325K | $0 | — | View 990 |
| 2018 | $112K | $106K | $287K | $0 | — | View 990 |
| 2017 | $106K | $75K | $282K | $0 | — | View 990 |
| 2016 | $93K | $71K | $230K | $0 | — | View 990 |
| 2015 | $85K | $80K | $198K | $0 | — | View 990 |
| 2014 | $96K | $89K | $196K | $0 | — | View 990 |
| 2013 | $89K | $88K | $190K | $0 | — | View 990 |
| 2012 | $84K | $78K | $189K | $0 | — | View 990 |
| 2011 | $86K | $81K | $183K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $267K, expenses of $147K, and assets of $606K (revenue +42.7% year-over-year).
- 2022: Revenue of $187K, expenses of $148K, and assets of $487K (revenue -7.1% year-over-year).
- 2021: Revenue of $201K, expenses of $127K, and assets of $517K (revenue +30.3% year-over-year).
- 2020: Revenue of $154K, expenses of $124K, and assets of $390K (revenue +16.8% year-over-year).
- 2019: Revenue of $132K, expenses of $123K, and assets of $325K (revenue +17.6% year-over-year).
- 2018: Revenue of $112K, expenses of $106K, and assets of $287K (revenue +6.5% year-over-year).
- 2017: Revenue of $106K, expenses of $75K, and assets of $282K (revenue +13.9% year-over-year).
- 2016: Revenue of $93K, expenses of $71K, and assets of $230K (revenue +8.5% year-over-year).
- 2015: Revenue of $85K, expenses of $80K, and assets of $198K (revenue -10.6% year-over-year).
- 2014: Revenue of $96K, expenses of $89K, and assets of $196K (revenue +7.8% year-over-year).
- 2013: Revenue of $89K, expenses of $88K, and assets of $190K (revenue +5.4% year-over-year).
- 2012: Revenue of $84K, expenses of $78K, and assets of $189K (revenue -2.7% year-over-year).
- 2011: Revenue of $86K, expenses of $81K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Sebago Lake Association:
Data Sources and Methodology
This transparency report for Little Sebago Lake 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.