Newmarket Business Association Inc

Newmarket Business Association operates on a small, volunteer-driven budget with consistent minor deficits.

EIN: 20481473 · Newmarket, NH · NTEE: S40 · Updated: 2026-03-28

$0Revenue

$0Assets

75/100Mission Score (Good)

S40

About Newmarket Business Association Inc

Newmarket Business Association Inc (EIN: 20481473) is a nonprofit organization based in Newmarket, NH, classified under NTEE code S40. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newmarket Business Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Newmarket Business Association Inc. appears to be a very small, community-focused organization with limited financial activity. Its revenue and expenses have consistently been in the low thousands, with the highest revenue reported at $12,465 in 2018 and the highest expenses at $14,526 in 2019. The organization has maintained a modest asset base, peaking at $9,978 in 2018, and consistently reports no liabilities, indicating a healthy balance sheet free of debt. Given its small scale, the organization's financial health seems stable for its operational size, though it operates with very thin margins, often spending slightly more than it brings in, as seen in 2020 where expenses ($8,277) exceeded revenue ($7,593).

Spending efficiency is difficult to fully assess without a detailed breakdown of expenses, but the consistent reporting of zero officer compensation suggests that the organization is run by volunteers, which is a significant efficiency for a small nonprofit. This volunteer-driven model likely keeps administrative costs low. The organization's transparency is good, with seven years of consistent IRS 990 filings available, demonstrating a commitment to public disclosure, even for its minimal financial activity.

Overall, the Newmarket Business Association Inc. operates as a lean, volunteer-supported entity. Its financial activity is minimal, but it appears to manage its resources responsibly, maintaining a debt-free status and consistent filing compliance. The lack of significant revenue growth or large-scale operations suggests a focus on local, community-level support rather than expansive programs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Newmarket Business Association Inc with a Mission Score of 75 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, Newmarket Business Association Inc 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.

Executive Compensation Analysis

Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization is likely run by volunteers and does not incur executive salary expenses, 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.

Red Flags

The following concerns were identified during AI analysis of Newmarket Business Association Inc's IRS 990 filings:

Consistent minor operating deficits (e.g., $7,593 revenue vs. $8,277 expenses in 2020)
Limited financial growth over the past seven years

Strengths

The following positive indicators were identified for Newmarket Business Association Inc:

No reported liabilities across all filings, indicating a debt-free status
0% officer compensation, demonstrating a volunteer-driven and highly efficient operational model
Consistent IRS 990 filing history, showing good transparency and compliance
Stable, albeit small, asset base maintained over time

Frequently Asked Questions about Newmarket Business Association Inc

What are the primary programs or activities of the Newmarket Business Association Inc.?

Based on the financial data, the organization operates with very low revenue and expenses (e.g., $7,593 revenue and $8,277 expenses in 2020), suggesting its activities are likely community-focused events, local business support, or networking, rather than large-scale programs. The NTEE code S40 (Business & Commerce) further supports this.

How does the organization sustain itself with consistent minor deficits?

The organization frequently reports expenses slightly exceeding revenue (e.g., $8,277 expenses vs. $7,593 revenue in 2020). It likely covers these small shortfalls through accumulated assets, which have fluctuated but remained positive (e.g., $4,459 in 2020), or through small, infrequent donations not fully captured in annual revenue figures.

Is the organization's asset base sufficient for its operations?

With assets ranging from $4,459 to $9,978 over the years and no reported liabilities, the asset base appears sufficient to cover its minimal operational scale and occasional small deficits. It indicates a prudent financial approach for a small, volunteer-run entity.

Filing History

IRS 990 filing history for Newmarket Business Association Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2014–2020), Newmarket Business Association Inc's revenue has grown by 175.4%, moving from $3K to $8K. Total assets decreased by 47.5% over the same period, from $8K to $4K. In its most recent filing year (2020), Newmarket Business Association Inc reported a deficit of $684, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$8K	$8K	$4K	$0	—	—
2019	$10K	$15K	$5K	$0	—	View 990
2018	$12K	$8K	$10K	$0	—	View 990
2017	$8K	$10K	$6K	$0	—	View 990
2016	$8K	$9K	$7K	$0	—	View 990
2015	$2K	$2K	$8K	$0	—	View 990
2014	$3K	$0	$8K	$0	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $8K, expenses of $8K, and assets of $4K (revenue -21.6% year-over-year).
2019: Revenue of $10K, expenses of $15K, and assets of $5K (revenue -22.3% year-over-year).
2018: Revenue of $12K, expenses of $8K, and assets of $10K (revenue +51.1% year-over-year).
2017: Revenue of $8K, expenses of $10K, and assets of $6K (revenue +4.0% year-over-year).
2016: Revenue of $8K, expenses of $9K, and assets of $7K (revenue +302.2% year-over-year).
2015: Revenue of $2K, expenses of $2K, and assets of $8K (revenue -28.5% year-over-year).
2014: Revenue of $3K, expenses of $0, and assets of $8K.

Data Sources and Methodology

This transparency report for Newmarket Business 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.