Spofford Lake Association
Spofford Lake Association shows consistent revenue growth and strong asset accumulation with no liabilities.
EIN: 20529959 · Spofford, NH · NTEE: C99 · Updated: 2026-03-28
Is Spofford Lake Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spofford Lake Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spofford Lake Association
Spofford Lake Association (EIN: 20529959) is a nonprofit organization based in Spofford, NH, classified under NTEE code C99. The organization reported total revenue of $126K and total assets of $294K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spofford Lake Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spofford Lake Association with a Mission Score of 95 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, Spofford Lake Association 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.
Executive Compensation Analysis
Executive compensation is reported at 0% for all periods, indicating that officers are likely volunteers or receive no salary, which is highly favorable for a small organization of this size and mission.
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 Spofford Lake Association:
- Consistent revenue growth, increasing from $59,823 in 2021 to $153,527 in 2023.
- Significant asset growth from $140,423 in 2021 to $289,947 in 2023.
- Zero liabilities reported across all three filing periods, indicating strong financial stability.
- 0% officer compensation, suggesting high efficiency and volunteer-driven leadership.
- Low and stable expenses relative to revenue, demonstrating efficient use of funds.
Frequently Asked Questions about Spofford Lake Association
Is Spofford Lake Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Spofford Lake Association (EIN: 20529959) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Spofford Lake Association spend its money?
Spofford Lake Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spofford Lake Association tax-deductible?
Spofford Lake Association is registered as a tax-exempt nonprofit (EIN: 20529959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Spofford Lake Association a good charity?
Based on the provided data, Spofford Lake Association appears to be a very good charity. It demonstrates strong financial management, consistent growth in assets and revenue, and a clear commitment to its mission with 0% officer compensation and no liabilities.
How has the organization's financial health changed over the past three years?
The organization's financial health has significantly improved over the past three years. Revenue has more than doubled from $59,823 in 2021 to $153,527 in 2023, and assets have grown from $140,423 to $289,947, while maintaining zero liabilities.
Filing History
IRS 990 filing history for Spofford Lake Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Spofford Lake Association's revenue has grown by 156.6%, moving from $60K to $154K. Total assets increased by 106.5% over the same period, from $140K to $290K. Total functional expenses rose by 11.9%, from $36K to $40K. In its most recent filing year (2023), Spofford Lake Association reported a surplus of $114K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $154K | $40K | $290K | $0 | — | View 990 |
| 2022 | $66K | $30K | $176K | $0 | — | View 990 |
| 2021 | $60K | $36K | $140K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $154K, expenses of $40K, and assets of $290K (revenue +132.1% year-over-year).
- 2022: Revenue of $66K, expenses of $30K, and assets of $176K (revenue +10.6% year-over-year).
- 2021: Revenue of $60K, expenses of $36K, and assets of $140K.
Data Sources and Methodology
This transparency report for Spofford Lake 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.