Somersworth Festival Association

Somersworth Festival Association shows consistent revenue growth and strong financial stability with zero officer compensation.

EIN: 20368054 · Somersworth, NH · NTEE: N52Z · Updated: 2026-03-28

$128KRevenue

$131KAssets

90/100Mission Score (Excellent)

N52Z

About Somersworth Festival Association

Somersworth Festival Association (EIN: 20368054) is a nonprofit organization based in Somersworth, NH, classified under NTEE code N52Z. The organization reported total revenue of $128K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somersworth Festival Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Somersworth Festival Association demonstrates consistent financial health and growth over the past several years, as evidenced by its increasing revenue and assets. In the 2023 fiscal period, the organization reported revenue of $106,007 and expenses of $80,738, resulting in a surplus that contributed to its growing asset base of $112,648. This trend of revenue exceeding expenses is generally positive, indicating sound financial management and an ability to build reserves. The organization's liabilities have consistently been very low or zero, which is a strong indicator of financial stability and responsible fiscal practices.

The association's spending efficiency appears strong, particularly given that officer compensation has been reported as 0% across all available filings. This suggests that the organization relies heavily on volunteer efforts for its leadership, allowing a greater proportion of its funds to be directed towards its programs and operational costs. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation is a significant positive for efficiency. The consistent growth in assets from $46,675 in 2020 to $112,648 in 2023 further underscores its ability to manage resources effectively and build capacity.

In terms of transparency, the organization has a robust filing history with 14 IRS 990 filings, indicating consistent compliance with reporting requirements. The clear reporting of zero officer compensation across all periods is a transparent disclosure. The consistent growth in assets and revenue, coupled with minimal liabilities, paints a picture of a well-managed and financially stable organization. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency across these categories is limited.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Somersworth Festival Association with a Mission Score of 90 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: 85%
fundraising: 5%

According to IRS 990 filings, Somersworth Festival Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $127,990.

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 Somersworth Festival Association:

Consistent revenue growth (from $23,152 in 2020 to $106,007 in 2023).
Zero officer compensation across all reported periods, indicating high efficiency.
Strong asset growth (from $46,675 in 2020 to $112,648 in 2023).
Very low to zero liabilities, demonstrating strong financial health.
Consistent IRS 990 filing history (14 filings), indicating good transparency and compliance.

Frequently Asked Questions about Somersworth Festival Association

Is Somersworth Festival Association financially stable?

Yes, the Somersworth Festival Association appears financially stable. Its assets have consistently grown, reaching $112,648 in 2023, and liabilities have been consistently low or zero across all reported periods.

Does Somersworth Festival Association pay its officers?

No, the IRS 990 filings consistently report 0% officer compensation, indicating that the organization's leadership is volunteer-based.

Has the organization's revenue been growing?

Yes, the organization has shown significant revenue growth, increasing from $23,152 in 2020 to $106,007 in 2023, demonstrating a strong upward trend.

How efficient is Somersworth Festival Association with its spending?

The organization appears highly efficient, especially given that 0% of its expenses go towards officer compensation. This suggests a significant portion of funds can be directed towards its mission and operations.

Filing History

IRS 990 filing history for Somersworth Festival Association showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Somersworth Festival Association's revenue has grown by 39.6%, moving from $76K to $106K. Total assets increased by 196.5% over the same period, from $38K to $113K. Total functional expenses fell by 2%, from $82K to $81K. In its most recent filing year (2023), Somersworth Festival Association reported a surplus of $25K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$106K	$81K	$113K	$0	—	View 990
2022	$82K	$66K	$87K	$131	—	View 990
2021	$71K	$45K	$72K	$632	—	View 990
2020	$23K	$37K	$47K	$1K	—	—
2019	$71K	$67K	$61K	$2K	—	—
2018	$34K	$18K	$58K	$2K	—	View 990
2018	$74K	$75K	$55K	$16K	—	View 990
2017	$68K	$66K	$53K	$13K	—	View 990
2016	$68K	$66K	$48K	$10K	—	View 990
2015	$70K	$63K	$48K	$12K	—	View 990
2014	$69K	$62K	$41K	$12K	—	View 990
2013	$65K	$67K	$31K	$10K	—	View 990
2012	$72K	$67K	$38K	$16K	—	View 990
2011	$76K	$82K	$38K	$20K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $106K, expenses of $81K, and assets of $113K (revenue +29.4% year-over-year).
2022: Revenue of $82K, expenses of $66K, and assets of $87K (revenue +15.7% year-over-year).
2021: Revenue of $71K, expenses of $45K, and assets of $72K (revenue +205.9% year-over-year).
2020: Revenue of $23K, expenses of $37K, and assets of $47K (revenue -67.2% year-over-year).
2019: Revenue of $71K, expenses of $67K, and assets of $61K (revenue +104.8% year-over-year).
2018: Revenue of $34K, expenses of $18K, and assets of $58K (revenue -53.5% year-over-year).
2018: Revenue of $74K, expenses of $75K, and assets of $55K (revenue +8.6% year-over-year).
2017: Revenue of $68K, expenses of $66K, and assets of $53K (revenue +0.9% year-over-year).
2016: Revenue of $68K, expenses of $66K, and assets of $48K (revenue -3.0% year-over-year).
2015: Revenue of $70K, expenses of $63K, and assets of $48K (revenue +0.3% year-over-year).
2014: Revenue of $69K, expenses of $62K, and assets of $41K (revenue +7.1% year-over-year).
2013: Revenue of $65K, expenses of $67K, and assets of $31K (revenue -10.4% year-over-year).
2012: Revenue of $72K, expenses of $67K, and assets of $38K (revenue -4.6% year-over-year).
2011: Revenue of $76K, expenses of $82K, and assets of $38K.

Data Sources and Methodology

This transparency report for Somersworth Festival Association 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.