Merrymeeting Lake Association

Merrymeeting Lake Association maintains strong financial health with consistent surpluses and zero liabilities.

EIN: 20413287 · New Durham, NH · NTEE: C32 · Updated: 2026-03-28

$52KRevenue

$187KAssets

95/100Mission Score (Excellent)

C32

About Merrymeeting Lake Association

Merrymeeting Lake Association (EIN: 20413287) is a nonprofit organization based in New Durham, NH, classified under NTEE code C32. The organization reported total revenue of $52K and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merrymeeting Lake Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Merrymeeting Lake Association demonstrates sound financial health and efficient spending, particularly given its modest size. In the latest fiscal period (202312), the organization reported revenue of $51,534 against expenses of $28,576, resulting in a healthy surplus that contributes to its growing asset base of $187,181. The consistent absence of liabilities across all reported periods indicates strong financial management and a debt-free operation. This financial stability allows the organization to focus its resources directly on its mission without the burden of debt. The organization's transparency is high, as evidenced by its consistent filing of IRS Form 990s and the clear reporting of zero officer compensation, which suggests a volunteer-driven leadership model. This commitment to volunteerism and direct program spending enhances its overall financial efficiency and trustworthiness.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Merrymeeting 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, Merrymeeting 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of this 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 Merrymeeting Lake Association:

Consistent operating surpluses, such as $22,958 in 2023 ($51,534 revenue - $28,576 expenses).
Zero liabilities reported across all 13 filings, indicating excellent financial management.
100% volunteer executive leadership with 0% officer compensation.
Growing asset base, from $100,237 in 2015 to $187,181 in 2023, demonstrating financial stability.
High program spending efficiency due to minimal administrative and fundraising costs.

Frequently Asked Questions about Merrymeeting Lake Association

Is Merrymeeting Lake Association a good charity?

Yes, based on its financial data, Merrymeeting Lake Association appears to be a very good charity. It consistently operates with surpluses, has no liabilities, and dedicates a high percentage of its expenses to programs, with zero officer compensation.

How has the organization's financial health changed over time?

The organization has shown consistent growth in assets, from $100,237 in 2015 to $187,181 in 2023, while maintaining zero liabilities. Revenue and expenses fluctuate but generally show a healthy operating surplus, indicating stable and improving financial health.

What is the organization's approach to executive compensation?

The Merrymeeting Lake Association reports 0% officer compensation in all available filings, indicating a volunteer-led model where no salaries are paid to its executives, which is a significant strength for efficiency.

Filing History

IRS 990 filing history for Merrymeeting Lake Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2023), Merrymeeting Lake Association's revenue has grown by 32.5%, moving from $39K to $52K. Total assets increased by 52.1% over the same period, from $123K to $187K. Total functional expenses rose by 20.3%, from $24K to $29K. In its most recent filing year (2023), Merrymeeting Lake Association reported a surplus of $23K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$52K	$29K	$187K	$0	—	—
2022	$32K	$20K	$164K	$0	—	View 990
2021	$35K	$44K	$151K	$0	—	View 990
2020	$39K	$35K	$160K	$0	—	—
2019	$47K	$36K	$157K	$0	—	View 990
2018	$57K	$36K	$146K	$0	—	View 990
2017	$33K	$20K	$125K	$0	—	View 990
2016	$28K	$17K	$112K	$0	—	View 990
2016	$23K	$23K	$101K	$0	—	View 990
2015	$36K	$34K	$100K	$0	—	View 990
2014	$13K	$22K	$98K	$0	—	View 990
2013	$23K	$27K	$120K	$0	—	View 990
2012	$39K	$24K	$123K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $52K, expenses of $29K, and assets of $187K (revenue +59.4% year-over-year).
2022: Revenue of $32K, expenses of $20K, and assets of $164K (revenue -7.4% year-over-year).
2021: Revenue of $35K, expenses of $44K, and assets of $151K (revenue -9.7% year-over-year).
2020: Revenue of $39K, expenses of $35K, and assets of $160K (revenue -17.0% year-over-year).
2019: Revenue of $47K, expenses of $36K, and assets of $157K (revenue -19.0% year-over-year).
2018: Revenue of $57K, expenses of $36K, and assets of $146K (revenue +73.8% year-over-year).
2017: Revenue of $33K, expenses of $20K, and assets of $125K (revenue +18.6% year-over-year).
2016: Revenue of $28K, expenses of $17K, and assets of $112K (revenue +20.4% year-over-year).
2016: Revenue of $23K, expenses of $23K, and assets of $101K (revenue -36.0% year-over-year).
2015: Revenue of $36K, expenses of $34K, and assets of $100K (revenue +168.8% year-over-year).
2014: Revenue of $13K, expenses of $22K, and assets of $98K (revenue -42.0% year-over-year).
2013: Revenue of $23K, expenses of $27K, and assets of $120K (revenue -40.4% year-over-year).
2012: Revenue of $39K, expenses of $24K, and assets of $123K.

Data Sources and Methodology

This transparency report for Merrymeeting 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.