Old Fort 4 Associates
Old Fort 4 Associates consistently operates with deficits in recent years, despite growing assets and no reported officer compensation.
EIN: 20261110 · Charlestown, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $145K |
| Program Spending | 80% |
| Net Assets | $89K |
| Transparency Score | 70/100 |
Is Old Fort 4 Associates Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Fort 4 Associates directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Fort 4 Associates
Old Fort 4 Associates (EIN: 20261110) is a nonprofit organization based in Charlestown, NH. The organization reported total revenue of $129K and total assets of $426K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Fort 4 Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Fort 4 Associates is a small nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $145K |
| Surplus / Deficit | $-12,318 |
| Total Assets | $408K |
| Total Liabilities | $320K |
| Net Assets | $89K |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 78.2% |
| Months of Reserves | 33.7 months |
Financial Health Grade: C
In 2024, Old Fort 4 Associates reported a deficit of $12K with expenses exceeding revenue, holds 33.7 months of operating reserves (strong position), has a debt-to-asset ratio of 78.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Old Fort 4 Associates's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +22.2% | +13.6% | +17.9% |
| 2023 | +24.9% | +15.8% | -3.4% |
| 2022 | +87.3% | +54.3% | -6.8% |
| 2021 | -87.4% | -81.9% | +36.6% |
| 2020 | +14.9% | +32.1% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1956 |
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 Old Fort 4 Associates with a Mission Score of 70 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, Old Fort 4 Associates 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through non-officer categories, which is a positive sign for resource allocation relative to the organization's size and revenue.
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 Old Fort 4 Associates's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $12,318 in 202403, $19,067 in 202303).
- Significant increase in liabilities, from $114,835 in 2020 to $319,557 in 2024, without clear explanation.
- NTEE code is unknown, making it difficult to assess mission alignment and industry benchmarks.
Strengths
The following positive indicators were identified for Old Fort 4 Associates:
- Consistent IRS 990 filing history (13 filings) indicates good transparency.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for leadership.
- Long-term growth in assets, from $296,580 in 2015 to $408,389 in 2024, indicating some financial stability.
Frequently Asked Questions about Old Fort 4 Associates
Is Old Fort 4 Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Fort 4 Associates (EIN: 20261110) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Old Fort 4 Associates spend its money?
Old Fort 4 Associates directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Fort 4 Associates tax-deductible?
Old Fort 4 Associates is registered as a tax-exempt nonprofit (EIN: 20261110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Old Fort 4 Associates's spending goes to programs?
Old Fort 4 Associates directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Old Fort 4 Associates located?
Old Fort 4 Associates is headquartered in Charlestown, New Hampshire and files with the IRS under EIN 20261110.
How many years of IRS 990 filings does Old Fort 4 Associates have?
Old Fort 4 Associates 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 $129K in total revenue.
How does Old Fort 4 Associates cover its consistent operational deficits, such as the $12,318 deficit in 202403?
The organization likely covers these deficits by drawing from its accumulated assets or through specific project funding not immediately reflected in annual revenue, given its increasing liabilities.
What is the nature of the significant increase in liabilities, from $114,835 in 2020 to $319,557 in 2024?
The IRS 990 filings do not provide specific details on the nature of these liabilities, but such a substantial increase warrants investigation into whether they are program-related, debt, or other obligations.
What are the primary program activities of Old Fort 4 Associates, given the NTEE code is unknown?
Without an NTEE code or program service expense details, it is difficult to ascertain the specific mission and program activities of the organization from the provided financial data alone.
Filing History
IRS 990 filing history for Old Fort 4 Associates showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Old Fort 4 Associates's revenue has grown by 45.3%, moving from $91K to $133K. Total assets increased by 28.2% over the same period, from $318K to $408K. Total functional expenses rose by 76.6%, from $82K to $145K. In its most recent filing year (2024), Old Fort 4 Associates reported a deficit of $12K, with expenses exceeding revenue. The organization holds $320K in liabilities against $408K in assets (debt-to-asset ratio: 78.2%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $133K | $145K | $408K | $320K | — | View 990 |
| 2023 | $109K | $128K | $346K | $230K | — | View 990 |
| 2022 | $87K | $110K | $359K | $238K | — | View 990 |
| 2021 | $46K | $72K | $385K | $241K | — | — |
| 2020 | $368K | $395K | $282K | $115K | — | View 990 |
| 2019 | $320K | $299K | $310K | $117K | — | View 990 |
| 2018 | $236K | $234K | $291K | $119K | — | — |
| 2017 | $93K | $94K | $293K | $124K | — | View 990 |
| 2016 | $104K | $96K | $299K | $128K | — | View 990 |
| 2015 | $72K | $95K | $297K | $133K | — | View 990 |
| 2014 | $88K | $94K | $311K | $125K | — | View 990 |
| 2013 | $102K | $92K | $323K | $131K | — | View 990 |
| 2012 | $91K | $82K | $318K | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $133K, expenses of $145K, and assets of $408K (revenue +22.2% year-over-year).
- 2023: Revenue of $109K, expenses of $128K, and assets of $346K (revenue +24.9% year-over-year).
- 2022: Revenue of $87K, expenses of $110K, and assets of $359K (revenue +87.3% year-over-year).
- 2021: Revenue of $46K, expenses of $72K, and assets of $385K (revenue -87.4% year-over-year).
- 2020: Revenue of $368K, expenses of $395K, and assets of $282K (revenue +14.9% year-over-year).
- 2019: Revenue of $320K, expenses of $299K, and assets of $310K (revenue +35.6% year-over-year).
- 2018: Revenue of $236K, expenses of $234K, and assets of $291K (revenue +154.9% year-over-year).
- 2017: Revenue of $93K, expenses of $94K, and assets of $293K (revenue -10.6% year-over-year).
- 2016: Revenue of $104K, expenses of $96K, and assets of $299K (revenue +44.2% year-over-year).
- 2015: Revenue of $72K, expenses of $95K, and assets of $297K (revenue -18.5% year-over-year).
- 2014: Revenue of $88K, expenses of $94K, and assets of $311K (revenue -13.3% year-over-year).
- 2013: Revenue of $102K, expenses of $92K, and assets of $323K (revenue +11.2% year-over-year).
- 2012: Revenue of $91K, expenses of $82K, and assets of $318K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Fort 4 Associates:
Data Sources and Methodology
This transparency report for Old Fort 4 Associates 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.