Mirror Lake Protective Association Inc
Mirror Lake Protective Association consistently operates debt-free with 100% volunteer leadership.
EIN: 20450541 · Mirror Lake, NH · NTEE: C32Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $16K |
| Program Spending | 90% |
| Net Assets | $52K |
| Transparency Score | 95/100 |
Is Mirror Lake Protective Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mirror Lake Protective Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mirror Lake Protective Association Inc
Mirror Lake Protective Association Inc (EIN: 20450541) is a nonprofit organization based in Mirror Lake, NH, classified under NTEE code C32Z. The organization reported total revenue of $13K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mirror Lake Protective Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mirror Lake Protective Association Inc is a micro nonprofit that has been operating for 30 years, with 15 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $16K |
| Surplus / Deficit | $-1,593 |
| Total Assets | $52K |
| Net Assets | $52K |
| Operating Margin | -11.2% |
| Months of Reserves | 39.0 months |
Financial Health Grade: B
In 2024, Mirror Lake Protective Association Inc reported a deficit of $2K with expenses exceeding revenue, holds 39.0 months of operating reserves (strong position).
Financial Trends
Over 15 years of filings (2012–2024), Mirror Lake Protective Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +112.3% | +132.7% | -3.0% |
| 2023 | -51.2% | -32.4% | -0.2% |
| 2022 | +102.8% | +536.0% | +7.4% |
| 2021 | +187.6% | -74.1% | +12.9% |
| 2020 | -63.4% | +102.9% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Mirror Lake Protective Association Inc 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, Mirror Lake Protective Association Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization is entirely volunteer-run, which significantly reduces overhead and maximizes resources for 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.
Strengths
The following positive indicators were identified for Mirror Lake Protective Association Inc:
- Zero officer compensation, indicating an all-volunteer leadership structure.
- No reported liabilities across all 15 filing periods, demonstrating strong financial stability.
- Consistent IRS 990 filing history over 15 periods, showing strong transparency.
- Healthy asset base relative to its annual revenue, providing financial resilience.
- High program spending efficiency due to minimal overhead costs.
Frequently Asked Questions about Mirror Lake Protective Association Inc
Is Mirror Lake Protective Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mirror Lake Protective Association Inc (EIN: 20450541) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Mirror Lake Protective Association Inc spend its money?
Mirror Lake Protective Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mirror Lake Protective Association Inc tax-deductible?
Mirror Lake Protective Association Inc is registered as a tax-exempt nonprofit (EIN: 20450541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mirror Lake Protective Association Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Mirror Lake Protective Association Inc is above average for NTEE category C32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mirror Lake Protective Association Inc located?
Mirror Lake Protective Association Inc is headquartered in Mirror Lake, New Hampshire and files with the IRS under EIN 20450541. It is classified under NTEE code C32Z.
How many years of IRS 990 filings does Mirror Lake Protective Association Inc have?
Mirror Lake Protective Association Inc has 15 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 $13K in total revenue.
Is Mirror Lake Protective Association Inc a good charity?
Yes, based on its financial data, Mirror Lake Protective Association Inc appears to be a very good charity. It operates with 0% officer compensation, has no liabilities, and consistently files its IRS 990s, demonstrating strong financial health, efficiency, and transparency.
How does the organization manage its finances given fluctuating revenue?
The organization manages its finances by maintaining a healthy asset base (e.g., $51,553 in 2024) and operating without debt, allowing it to absorb annual fluctuations in revenue and expenses, such as the $1,593 deficit in 2024 or the $3,673 surplus in 2022.
What is the primary reason for its high efficiency?
The primary reason for its high efficiency is the complete absence of officer compensation, meaning all leadership roles are filled by volunteers, which drastically reduces personnel costs and allows more funds to go directly to programs.
Filing History
IRS 990 filing history for Mirror Lake Protective Association Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2012–2024), Mirror Lake Protective Association Inc's revenue has declined by 49.4%, moving from $28K to $14K. Total assets increased by 55.6% over the same period, from $33K to $52K. Total functional expenses fell by 61.5%, from $41K to $16K. In its most recent filing year (2024), Mirror Lake Protective Association Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $14K | $16K | $52K | $0 | — | — |
| 2023 | $7K | $7K | $53K | $0 | — | — |
| 2022 | $14K | $10K | $53K | $0 | — | — |
| 2021 | $7K | $2K | $50K | $0 | — | — |
| 2020 | $2K | $6K | $44K | $0 | — | View 990 |
| 2019 | $6K | $3K | $48K | $0 | — | View 990 |
| 2018 | $7K | $3K | $44K | $0 | — | — |
| 2017 | $8K | $882 | $39K | $0 | — | View 990 |
| 2016 | $5K | $6K | $32K | $0 | — | View 990 |
| 2015 | $18K | $9K | $33K | $0 | — | View 990 |
| 2014 | $9K | $4K | $25K | $0 | — | View 990 |
| 2014 | $9K | $4K | $25K | $0 | — | View 990 |
| 2013 | $63K | $97K | $20K | $0 | — | View 990 |
| 2012 | $28K | $41K | $33K | $0 | — | — |
| 2012 | $28K | $41K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14K, expenses of $16K, and assets of $52K (revenue +112.3% year-over-year).
- 2023: Revenue of $7K, expenses of $7K, and assets of $53K (revenue -51.2% year-over-year).
- 2022: Revenue of $14K, expenses of $10K, and assets of $53K (revenue +102.8% year-over-year).
- 2021: Revenue of $7K, expenses of $2K, and assets of $50K (revenue +187.6% year-over-year).
- 2020: Revenue of $2K, expenses of $6K, and assets of $44K (revenue -63.4% year-over-year).
- 2019: Revenue of $6K, expenses of $3K, and assets of $48K (revenue -13.6% year-over-year).
- 2018: Revenue of $7K, expenses of $3K, and assets of $44K (revenue -6.3% year-over-year).
- 2017: Revenue of $8K, expenses of $882, and assets of $39K (revenue +54.8% year-over-year).
- 2016: Revenue of $5K, expenses of $6K, and assets of $32K (revenue -71.6% year-over-year).
- 2015: Revenue of $18K, expenses of $9K, and assets of $33K (revenue +99.8% year-over-year).
- 2014: Revenue of $9K, expenses of $4K, and assets of $25K (revenue +0.0% year-over-year).
- 2014: Revenue of $9K, expenses of $4K, and assets of $25K (revenue -85.7% year-over-year).
- 2013: Revenue of $63K, expenses of $97K, and assets of $20K (revenue +124.6% year-over-year).
- 2012: Revenue of $28K, expenses of $41K, and assets of $33K (revenue +0.0% year-over-year).
- 2012: Revenue of $28K, expenses of $41K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mirror Lake Protective Association Inc:
Data Sources and Methodology
This transparency report for Mirror Lake Protective Association 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.