Wentworth Economic Development Corporation Inc
Wentworth Economic Development Corporation maintains stable assets and zero executive compensation amidst fluctuating revenues.
EIN: 20474842 · Wolfeboro, NH · NTEE: S30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $270K |
| Total Expenses | $659K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $1.1M |
| Transparency Score | 90/100 |
Is Wentworth Economic Development Corporation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wentworth Economic Development Corporation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wentworth Economic Development Corporation Inc
Wentworth Economic Development Corporation Inc (EIN: 20474842) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code S30Z. The organization reported total revenue of $270K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wentworth Economic Development Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wentworth Economic Development Corporation Inc is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $582K |
| Total Expenses | $659K |
| Surplus / Deficit | $-77,141 |
| Total Assets | $1.9M |
| Total Liabilities | $789K |
| Net Assets | $1.1M |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 42.5% |
| Months of Reserves | 33.8 months |
Financial Health Grade: B
In 2023, Wentworth Economic Development Corporation Inc reported a deficit of $77K with expenses exceeding revenue, holds 33.8 months of operating reserves (strong position), has a debt-to-asset ratio of 42.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wentworth Economic Development Corporation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +127.6% | +148.4% | +17.1% |
| 2022 | -22.0% | -8.4% | +1.7% |
| 2021 | +9.8% | +20.0% | +11.3% |
| 2020 | +40.8% | -2.9% | -12.7% |
| 2019 | +15.6% | +7.1% | +13.8% |
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 Wentworth Economic Development Corporation Inc 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, Wentworth Economic Development Corporation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization with assets exceeding $1.8 million.
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 Wentworth Economic Development Corporation Inc:
- Consistent 0% officer compensation, indicating high efficiency in resource allocation.
- Stable and growing asset base, reaching $1,857,711 in 2023.
- Healthy asset-to-liability ratio, demonstrating financial stability.
- Transparent financial reporting with 13 filings available.
Frequently Asked Questions about Wentworth Economic Development Corporation Inc
Is Wentworth Economic Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wentworth Economic Development Corporation Inc (EIN: 20474842) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Wentworth Economic Development Corporation Inc spend its money?
Wentworth Economic Development Corporation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wentworth Economic Development Corporation Inc tax-deductible?
Wentworth Economic Development Corporation Inc is registered as a tax-exempt nonprofit (EIN: 20474842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wentworth Economic Development Corporation Inc CEO make?
Wentworth Economic Development Corporation Inc's highest-compensated officer earns $1.8 annually. The organization reported $270K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wentworth Economic Development Corporation Inc's spending goes to programs?
Wentworth Economic Development Corporation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wentworth Economic Development Corporation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Wentworth Economic Development Corporation Inc is above average for NTEE category S30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wentworth Economic Development Corporation Inc located?
Wentworth Economic Development Corporation Inc is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20474842. It is classified under NTEE code S30Z.
How many years of IRS 990 filings does Wentworth Economic Development Corporation Inc have?
Wentworth Economic Development Corporation Inc 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 $270K in total revenue.
Is Wentworth Economic Development Corporation Inc a good charity?
Based on its consistent financial reporting, zero executive compensation, and stable asset base, Wentworth Economic Development Corporation Inc appears to be a well-managed and efficient organization, suggesting it is a good charity in terms of financial stewardship.
How has WEDCO's revenue trended over the past few years?
WEDCO's revenue has shown fluctuations, with $298,605 in 2020, $327,805 in 2021, $255,575 in 2022, and a significant increase to $581,662 in 2023.
What is the organization's asset-to-liability ratio?
In 2023, WEDCO's assets were $1,857,711 and liabilities were $788,670, resulting in an asset-to-liability ratio of approximately 2.36:1, indicating a healthy financial position.
Filing History
IRS 990 filing history for Wentworth Economic Development Corporation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wentworth Economic Development Corporation Inc's revenue has grown by 134.6%, moving from $248K to $582K. Total assets increased by 18.2% over the same period, from $1.6M to $1.9M. Total functional expenses rose by 34%, from $492K to $659K. In its most recent filing year (2023), Wentworth Economic Development Corporation Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $789K in liabilities against $1.9M in assets (debt-to-asset ratio: 42.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $582K | $659K | $1.9M | $789K | — | — |
| 2022 | $256K | $265K | $1.6M | $441K | — | — |
| 2021 | $328K | $290K | $1.6M | $404K | — | View 990 |
| 2020 | $299K | $241K | $1.4M | $284K | — | — |
| 2019 | $212K | $249K | $1.6M | $545K | — | View 990 |
| 2018 | $183K | $232K | $1.4M | $314K | — | View 990 |
| 2017 | $408K | $322K | $1.5M | $333K | — | View 990 |
| 2016 | $256K | $249K | $1.5M | $410K | — | View 990 |
| 2015 | $199K | $245K | $1.5M | $457K | — | View 990 |
| 2014 | $269K | $243K | $1.5M | $420K | — | View 990 |
| 2013 | $209K | $226K | $1.5M | $428K | — | View 990 |
| 2012 | $220K | $239K | $1.5M | $457K | — | View 990 |
| 2011 | $248K | $492K | $1.6M | $485K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $582K, expenses of $659K, and assets of $1.9M (revenue +127.6% year-over-year).
- 2022: Revenue of $256K, expenses of $265K, and assets of $1.6M (revenue -22.0% year-over-year).
- 2021: Revenue of $328K, expenses of $290K, and assets of $1.6M (revenue +9.8% year-over-year).
- 2020: Revenue of $299K, expenses of $241K, and assets of $1.4M (revenue +40.8% year-over-year).
- 2019: Revenue of $212K, expenses of $249K, and assets of $1.6M (revenue +15.6% year-over-year).
- 2018: Revenue of $183K, expenses of $232K, and assets of $1.4M (revenue -55.1% year-over-year).
- 2017: Revenue of $408K, expenses of $322K, and assets of $1.5M (revenue +59.5% year-over-year).
- 2016: Revenue of $256K, expenses of $249K, and assets of $1.5M (revenue +28.4% year-over-year).
- 2015: Revenue of $199K, expenses of $245K, and assets of $1.5M (revenue -25.8% year-over-year).
- 2014: Revenue of $269K, expenses of $243K, and assets of $1.5M (revenue +28.6% year-over-year).
- 2013: Revenue of $209K, expenses of $226K, and assets of $1.5M (revenue -5.2% year-over-year).
- 2012: Revenue of $220K, expenses of $239K, and assets of $1.5M (revenue -11.1% year-over-year).
- 2011: Revenue of $248K, expenses of $492K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wentworth Economic Development Corporation Inc:
Data Sources and Methodology
This transparency report for Wentworth Economic Development Corporation 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.