New London Spicer Booster Club
New London Spicer Booster Club consistently grows assets with volunteer leadership and low liabilities.
EIN: 200515205 · New London, MN · NTEE: B122 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $75K |
| Program Spending | 90% |
| Net Assets | $298K |
| Transparency Score | 92/100 |
Is New London Spicer Booster Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New London Spicer Booster Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New London Spicer Booster Club
New London Spicer Booster Club (EIN: 200515205) is a nonprofit organization based in New London, MN, classified under NTEE code B122. The organization reported total revenue of $2.0M and total assets of $342K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New London Spicer Booster Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New London Spicer Booster Club is a mid-size 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 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $75K |
| Surplus / Deficit | +$53K |
| Total Assets | $298K |
| Total Liabilities | $44 |
| Net Assets | $298K |
| Operating Margin | 41.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 47.4 months |
Financial Health Grade: A
In 2023, New London Spicer Booster Club reported a surplus of $53K with revenue exceeding expenses, holds 47.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New London Spicer Booster Club's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +15.2% | +21.6% |
| 2022 | -21.0% | -10.2% | +19.4% |
| 2021 | +87.6% | -15.3% | +43.7% |
| 2020 | -47.2% | -2.3% | -9.5% |
| 2019 | +8.1% | -34.6% | +44.1% |
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 New London Spicer Booster Club with a Mission Score of 92 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, New London Spicer Booster Club 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 $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is entirely volunteer-run at the leadership level, which is highly efficient for an organization of its 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 New London Spicer Booster Club:
- Consistent asset growth, from $74,510 in 2014 to $298,006 in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership and high efficiency.
- Extremely low liabilities, consistently under $1,500, demonstrating strong financial stability.
- Revenues consistently exceed expenses, leading to healthy surpluses.
- Strong program focus due to minimal administrative overhead from volunteer leadership.
Frequently Asked Questions about New London Spicer Booster Club
Is New London Spicer Booster Club a legitimate charity?
Based on AI analysis of IRS 990 filings, New London Spicer Booster Club (EIN: 200515205) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does New London Spicer Booster Club spend its money?
New London Spicer Booster Club directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New London Spicer Booster Club tax-deductible?
New London Spicer Booster Club is registered as a tax-exempt nonprofit (EIN: 200515205). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New London Spicer Booster Club compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New London Spicer Booster Club is above average for NTEE category B122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New London Spicer Booster Club located?
New London Spicer Booster Club is headquartered in New London, Minnesota and files with the IRS under EIN 200515205. It is classified under NTEE code B122.
How many years of IRS 990 filings does New London Spicer Booster Club have?
New London Spicer Booster Club 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 $2.0M in total revenue.
Is the New London Spicer Booster Club a good charity?
Based on its financial data, the New London Spicer Booster Club appears to be a very good charity. It consistently generates surpluses, has growing assets, minimal liabilities, and operates with 0% officer compensation, indicating high efficiency and a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $74,510 in 2014 to $298,006 in 2023. Revenues have generally outpaced expenses, leading to consistent surpluses and a strong financial position.
What is the organization's approach to executive compensation?
The New London Spicer Booster Club has a volunteer-driven leadership model, as evidenced by 0% officer compensation reported in all 13 available IRS 990 filings. This means no funds are used for executive salaries.
How does the organization manage its liabilities?
The organization maintains extremely low liabilities, consistently under $1,500 across all reported periods, with the latest being $44 in 2023. This indicates excellent financial management and minimal debt.
Filing History
IRS 990 filing history for New London Spicer Booster Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New London Spicer Booster Club's revenue has grown by 401.7%, moving from $26K to $128K. Total assets increased by 407.5% over the same period, from $59K to $298K. Total functional expenses rose by 115.4%, from $35K to $75K. In its most recent filing year (2023), New London Spicer Booster Club reported a surplus of $53K, with revenue exceeding expenses. The organization holds $44 in liabilities against $298K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $298K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $75K | $298K | $44 | — | View 990 |
| 2022 | $106K | $65K | $245K | $22 | — | — |
| 2021 | $135K | $73K | $205K | $1K | — | View 990 |
| 2020 | $72K | $86K | $143K | $592 | — | View 990 |
| 2019 | $136K | $88K | $158K | $1K | — | View 990 |
| 2018 | $126K | $135K | $109K | $1K | — | View 990 |
| 2017 | $144K | $158K | $118K | $936 | — | View 990 |
| 2016 | $98K | $84K | $132K | $888 | — | View 990 |
| 2015 | $83K | $59K | $118K | $644 | — | View 990 |
| 2014 | $47K | $35K | $75K | $0 | — | View 990 |
| 2013 | $61K | $80K | $50K | $0 | — | View 990 |
| 2012 | $60K | $49K | $69K | $0 | — | View 990 |
| 2011 | $26K | $35K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $75K, and assets of $298K (revenue +20.5% year-over-year).
- 2022: Revenue of $106K, expenses of $65K, and assets of $245K (revenue -21.0% year-over-year).
- 2021: Revenue of $135K, expenses of $73K, and assets of $205K (revenue +87.6% year-over-year).
- 2020: Revenue of $72K, expenses of $86K, and assets of $143K (revenue -47.2% year-over-year).
- 2019: Revenue of $136K, expenses of $88K, and assets of $158K (revenue +8.1% year-over-year).
- 2018: Revenue of $126K, expenses of $135K, and assets of $109K (revenue -12.2% year-over-year).
- 2017: Revenue of $144K, expenses of $158K, and assets of $118K (revenue +46.8% year-over-year).
- 2016: Revenue of $98K, expenses of $84K, and assets of $132K (revenue +17.3% year-over-year).
- 2015: Revenue of $83K, expenses of $59K, and assets of $118K (revenue +78.9% year-over-year).
- 2014: Revenue of $47K, expenses of $35K, and assets of $75K (revenue -23.9% year-over-year).
- 2013: Revenue of $61K, expenses of $80K, and assets of $50K (revenue +2.6% year-over-year).
- 2012: Revenue of $60K, expenses of $49K, and assets of $69K (revenue +133.3% year-over-year).
- 2011: Revenue of $26K, expenses of $35K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New London Spicer Booster Club:
Data Sources and Methodology
This transparency report for New London Spicer Booster Club 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.