Londonderry Friends Of Music
Londonderry Friends Of Music faces significant financial volatility with recent expenses far exceeding revenue, despite consistent volunteer leadership.
EIN: 20446924 · Londonderry, NH · NTEE: T30J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $73K |
| Program Spending | 80% |
| Net Assets | $78K |
| Transparency Score | 65/100 |
Is Londonderry Friends Of Music Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Londonderry Friends Of Music directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Londonderry Friends Of Music
Londonderry Friends Of Music (EIN: 20446924) is a nonprofit organization based in Londonderry, NH, classified under NTEE code T30J. The organization reported total revenue of $215K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Londonderry Friends Of Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Londonderry Friends Of Music is a small nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $73K |
| Surplus / Deficit | $-63,020 |
| Total Assets | $78K |
| Net Assets | $78K |
| Operating Margin | -651.4% |
| Months of Reserves | 12.8 months |
Financial Health Grade: B
In 2024, Londonderry Friends Of Music reported a deficit of $63K with expenses exceeding revenue, holds 12.8 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -85.2% | +102.2% | -44.8% |
| 2021 | -114.7% | -6.2% | -14.1% |
| 2020 | +591.8% | +26.0% | +249.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Londonderry Friends Of Music with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Londonderry Friends Of Music allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $63K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is led by volunteers. This is a positive sign for a nonprofit of its size, as it means all funds can be directed towards its mission rather than salaries.
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 Londonderry Friends Of Music's IRS 990 filings:
- Highly volatile revenue, including multiple periods of negative revenue (e.g., $-108,380 in 201806, $-15,628 in 202106).
- Significant deficit in the latest reporting period (202406) with expenses ($72,694) far exceeding revenue ($9,674).
- Inconsistent financial performance over time, making long-term planning and sustainability challenging.
Strengths
The following positive indicators were identified for Londonderry Friends Of Music:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Maintained zero liabilities across all reported periods, demonstrating strong debt management.
- Consistent filing of IRS Form 990s, indicating good transparency practices.
Frequently Asked Questions about Londonderry Friends Of Music
Is Londonderry Friends Of Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Londonderry Friends Of Music (EIN: 20446924) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Londonderry Friends Of Music spend its money?
Londonderry Friends Of Music directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Londonderry Friends Of Music tax-deductible?
Londonderry Friends Of Music is registered as a tax-exempt nonprofit (EIN: 20446924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Londonderry Friends Of Music's spending goes to programs?
Londonderry Friends Of Music directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Londonderry Friends Of Music compare to similar nonprofits?
With a transparency score of 65/100 (Good), Londonderry Friends Of Music is above average for NTEE category T30J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Londonderry Friends Of Music located?
Londonderry Friends Of Music is headquartered in Londonderry, New Hampshire and files with the IRS under EIN 20446924. It is classified under NTEE code T30J.
How many years of IRS 990 filings does Londonderry Friends Of Music have?
Londonderry Friends Of Music has 14 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 $215K in total revenue.
How does Londonderry Friends Of Music manage its highly volatile revenue streams?
The organization's revenue has fluctuated wildly, from $113,469 in 201706 to negative figures like $-108,380 in 201806. Understanding the sources of these fluctuations and the strategies in place to mitigate their impact on operations is crucial for assessing long-term stability.
What caused the significant deficit in the 202406 period, where expenses ($72,694) far exceeded revenue ($9,674)?
The latest filing shows a substantial spending deficit. Identifying whether this was due to a one-time large program expense, a significant drop in fundraising, or an increase in operational costs is important for understanding the organization's current financial health.
What is the breakdown of expenses between program services, administrative costs, and fundraising efforts?
While total expenses are provided, a detailed breakdown is not available. Knowing how the $72,694 in expenses for 202406 was allocated would provide better insight into the organization's operational efficiency and program focus.
Filing History
IRS 990 filing history for Londonderry Friends Of Music showing financial trends over 14 years of public records:
Total assets decreased by 22.3% over the same period, from $100K to $78K. Total functional expenses rose by 825.3%, from $8K to $73K. In its most recent filing year (2024), Londonderry Friends Of Music reported a deficit of $63K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10K | $73K | $78K | $0 | — | — |
| 2023 | $65K | $36K | $141K | $0 | — | View 990 |
| 2022 | $-7,122 | $4K | $111K | $0 | — | View 990 |
| 2021 | $-15,628 | $4K | $122K | $0 | — | — |
| 2020 | $106K | $5K | $142K | $0 | — | View 990 |
| 2019 | $15K | $4K | $41K | $0 | — | View 990 |
| 2018 | $-108,380 | $4K | $29K | $0 | — | View 990 |
| 2017 | $113K | $4K | $141K | $0 | — | View 990 |
| 2016 | $-37,605 | $4K | $31K | $0 | — | View 990 |
| 2015 | $21K | $6K | $73K | $0 | — | View 990 |
| 2014 | $-5,626 | $6K | $57K | $0 | — | View 990 |
| 2013 | $-7,828 | $8K | $69K | $0 | — | View 990 |
| 2012 | $-9,431 | $6K | $85K | $0 | — | View 990 |
| 2011 | $-188,080 | $8K | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10K, expenses of $73K, and assets of $78K (revenue -85.2% year-over-year).
- 2023: Revenue of $65K, expenses of $36K, and assets of $141K.
- 2022: Revenue of $-7,122, expenses of $4K, and assets of $111K.
- 2021: Revenue of $-15,628, expenses of $4K, and assets of $122K (revenue -114.7% year-over-year).
- 2020: Revenue of $106K, expenses of $5K, and assets of $142K (revenue +591.8% year-over-year).
- 2019: Revenue of $15K, expenses of $4K, and assets of $41K.
- 2018: Revenue of $-108,380, expenses of $4K, and assets of $29K (revenue -195.5% year-over-year).
- 2017: Revenue of $113K, expenses of $4K, and assets of $141K.
- 2016: Revenue of $-37,605, expenses of $4K, and assets of $31K (revenue -279.0% year-over-year).
- 2015: Revenue of $21K, expenses of $6K, and assets of $73K.
- 2014: Revenue of $-5,626, expenses of $6K, and assets of $57K.
- 2013: Revenue of $-7,828, expenses of $8K, and assets of $69K.
- 2012: Revenue of $-9,431, expenses of $6K, and assets of $85K.
- 2011: Revenue of $-188,080, expenses of $8K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Londonderry Friends Of Music:
Data Sources and Methodology
This transparency report for Londonderry Friends Of Music 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.