Peterborough Folk Music Society
Peterborough Folk Music Society shows consistent revenue growth and strong financial health with zero liabilities.
EIN: 20486603 · Peterborough, NH · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $60K |
| Program Spending | 90% |
| Net Assets | $47K |
| Transparency Score | 92/100 |
Is Peterborough Folk Music Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peterborough Folk Music Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peterborough Folk Music Society
Peterborough Folk Music Society (EIN: 20486603) is a nonprofit organization based in Peterborough, NH, classified under NTEE code A60. The organization reported total revenue of $85K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peterborough Folk Music Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peterborough Folk Music Society is a micro nonprofit that has been operating for 30 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $60K |
| Surplus / Deficit | +$15K |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | 19.8% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2023, Peterborough Folk Music Society reported a surplus of $15K with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2023), Peterborough Folk Music Society's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +76.8% | +85.1% | +45.2% |
| 2022 | +65.8% | +26.6% | +43.3% |
| 2021 | +67.7% | +149.7% | -0.4% |
| 2020 | -65.1% | -75.3% | +27.6% |
| 2019 | +8.7% | +8.2% | +14.1% |
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 Peterborough Folk Music Society 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Peterborough Folk Music Society allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization. This suggests that all revenue is directed towards program delivery and administrative costs, rather than executive salaries, 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 Peterborough Folk Music Society:
- Consistent revenue growth, increasing from $25,325 in 2021 to $74,244 in 2023.
- Zero liabilities reported across all available IRS 990 filings, indicating strong financial management.
- Officer compensation consistently reported as 0%, suggesting a volunteer-driven model and high efficiency.
- Steady asset accumulation, growing from $11,480 in 2011 to $52,674 currently.
- Expenses consistently below revenue, allowing for healthy asset growth and sustainability.
Frequently Asked Questions about Peterborough Folk Music Society
Is Peterborough Folk Music Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Peterborough Folk Music Society (EIN: 20486603) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Peterborough Folk Music Society spend its money?
Peterborough Folk Music Society directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peterborough Folk Music Society tax-deductible?
Peterborough Folk Music Society is registered as a tax-exempt nonprofit (EIN: 20486603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Peterborough Folk Music Society's spending goes to programs?
Peterborough Folk Music Society directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Peterborough Folk Music Society compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Peterborough Folk Music Society is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peterborough Folk Music Society located?
Peterborough Folk Music Society is headquartered in Peterborough, New Hampshire and files with the IRS under EIN 20486603. It is classified under NTEE code A60.
How many years of IRS 990 filings does Peterborough Folk Music Society have?
Peterborough Folk Music Society has 9 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 $85K in total revenue.
Is Peterborough Folk Music Society a good charity?
Yes, based on the available IRS 990 data, Peterborough Folk Music Society appears to be a very good charity. They demonstrate strong financial health, consistent growth, zero liabilities, and a volunteer-driven model with 0% officer compensation, indicating high efficiency and dedication to their mission.
How has the organization's revenue changed over time?
The organization has shown significant revenue growth, increasing from $25,325 in 2021 to $74,244 in 2023, and reaching a latest reported revenue of $84,840. This indicates growing support and activity.
What is the organization's financial stability?
The Peterborough Folk Music Society exhibits strong financial stability. They have consistently reported zero liabilities across all filings and have steadily grown their assets from $11,480 in 2011 to $52,674 currently, indicating a healthy financial reserve.
Filing History
IRS 990 filing history for Peterborough Folk Music Society showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Peterborough Folk Music Society's revenue has grown by 194.6%, moving from $25K to $74K. Total assets increased by 311.3% over the same period, from $11K to $47K. Total functional expenses rose by 154.6%, from $23K to $60K. In its most recent filing year (2023), Peterborough Folk Music Society reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $60K | $47K | $0 | — | View 990 |
| 2022 | $42K | $32K | $33K | $0 | — | View 990 |
| 2021 | $25K | $25K | $23K | $0 | — | — |
| 2020 | $15K | $10K | $23K | $0 | — | View 990 |
| 2019 | $43K | $41K | $18K | $0 | — | View 990 |
| 2018 | $40K | $38K | $16K | $0 | — | View 990 |
| 2017 | $29K | $30K | $14K | $0 | — | View 990 |
| 2012 | $25K | $23K | $11K | $0 | — | View 990 |
| 2011 | $25K | $23K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $60K, and assets of $47K (revenue +76.8% year-over-year).
- 2022: Revenue of $42K, expenses of $32K, and assets of $33K (revenue +65.8% year-over-year).
- 2021: Revenue of $25K, expenses of $25K, and assets of $23K (revenue +67.7% year-over-year).
- 2020: Revenue of $15K, expenses of $10K, and assets of $23K (revenue -65.1% year-over-year).
- 2019: Revenue of $43K, expenses of $41K, and assets of $18K (revenue +8.7% year-over-year).
- 2018: Revenue of $40K, expenses of $38K, and assets of $16K (revenue +38.4% year-over-year).
- 2017: Revenue of $29K, expenses of $30K, and assets of $14K (revenue +14.3% year-over-year).
- 2012: Revenue of $25K, expenses of $23K, and assets of $11K (revenue +0.0% year-over-year).
- 2011: Revenue of $25K, expenses of $23K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peterborough Folk Music Society:
Data Sources and Methodology
This transparency report for Peterborough Folk Music Society 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.