Wolfeboro Area Meals On Wheels Inc
Wolfeboro Area Meals On Wheels Inc consistently dedicates nearly all expenses to programs with no officer compensation.
EIN: 20311890 · Wolfeboro, NH · NTEE: K36Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $114K |
| Program Spending | 95% |
| Net Assets | $425K |
| Transparency Score | 98/100 |
Is Wolfeboro Area Meals On Wheels Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolfeboro Area Meals On Wheels Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wolfeboro Area Meals On Wheels Inc
Wolfeboro Area Meals On Wheels Inc (EIN: 20311890) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code K36Z. The organization reported total revenue of $216K and total assets of $613K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolfeboro Area Meals On Wheels Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolfeboro Area Meals On Wheels Inc is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $114K |
| Surplus / Deficit | +$58K |
| Total Assets | $426K |
| Total Liabilities | $2K |
| Net Assets | $425K |
| Operating Margin | 33.9% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 44.9 months |
Financial Health Grade: A
In 2023, Wolfeboro Area Meals On Wheels Inc reported a surplus of $58K with revenue exceeding expenses, holds 44.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wolfeboro Area Meals On Wheels Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +8.8% | +24.3% |
| 2022 | -45.8% | +5.4% | +3.4% |
| 2021 | +166.3% | +10.2% | +145.9% |
| 2020 | +39.2% | +12.0% | +21.0% |
| 2019 | -6.9% | -5.0% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Wolfeboro Area Meals On Wheels Inc with a Mission Score of 98 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Wolfeboro Area Meals On Wheels Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% 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 $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its 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 Wolfeboro Area Meals On Wheels Inc:
- Consistently 0% officer compensation, indicating highly efficient use of funds.
- Strong asset growth over the past decade, from $95,917 in 2014 to $426,436 in 2023.
- Very low liabilities across all filing periods, suggesting sound financial management.
- High proportion of expenses likely dedicated directly to program services.
- Consistent annual IRS 990 filings demonstrating transparency.
Frequently Asked Questions about Wolfeboro Area Meals On Wheels Inc
Is Wolfeboro Area Meals On Wheels Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolfeboro Area Meals On Wheels Inc (EIN: 20311890) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Wolfeboro Area Meals On Wheels Inc spend its money?
Wolfeboro Area Meals On Wheels Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wolfeboro Area Meals On Wheels Inc tax-deductible?
Wolfeboro Area Meals On Wheels Inc is registered as a tax-exempt nonprofit (EIN: 20311890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wolfeboro Area Meals On Wheels Inc's spending goes to programs?
Wolfeboro Area Meals On Wheels Inc directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wolfeboro Area Meals On Wheels Inc compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Wolfeboro Area Meals On Wheels Inc is above average for NTEE category K36Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wolfeboro Area Meals On Wheels Inc located?
Wolfeboro Area Meals On Wheels Inc is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20311890. It is classified under NTEE code K36Z.
How many years of IRS 990 filings does Wolfeboro Area Meals On Wheels Inc have?
Wolfeboro Area Meals On Wheels 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 $216K in total revenue.
Is Wolfeboro Area Meals On Wheels Inc a good charity?
Yes, Wolfeboro Area Meals On Wheels Inc appears to be an excellent charity. It demonstrates strong financial health, exceptional spending efficiency with 0% officer compensation, and a clear focus on its program services.
How has the organization's financial health changed over time?
The organization has shown significant growth in assets, from $95,917 in 2014 to $426,436 in 2023, indicating increasing financial stability and capacity. Revenue has also grown substantially over the decade.
What is the trend in the organization's expenses?
Expenses have generally increased over time, from $60,739 in 2014 to $114,063 in 2023, reflecting an expansion of services or increased operational costs, but always well-managed relative to revenue.
Filing History
IRS 990 filing history for Wolfeboro Area Meals On Wheels Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wolfeboro Area Meals On Wheels Inc's revenue has grown by 161.3%, moving from $66K to $173K. Total assets increased by 571% over the same period, from $64K to $426K. Total functional expenses rose by 52%, from $75K to $114K. In its most recent filing year (2023), Wolfeboro Area Meals On Wheels Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $2K in liabilities against $426K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $425K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $114K | $426K | $2K | — | View 990 |
| 2022 | $164K | $105K | $343K | $2K | — | View 990 |
| 2021 | $302K | $99K | $332K | $1K | — | View 990 |
| 2020 | $113K | $90K | $135K | $1K | — | View 990 |
| 2019 | $81K | $81K | $111K | $811 | — | View 990 |
| 2018 | $87K | $85K | $111K | $732 | — | View 990 |
| 2017 | $70K | $74K | $108K | $850 | — | View 990 |
| 2016 | $69K | $70K | $112K | $815 | — | View 990 |
| 2015 | $87K | $71K | $112K | $895 | — | View 990 |
| 2014 | $82K | $61K | $96K | $0 | — | View 990 |
| 2013 | $72K | $69K | $76K | $857 | — | View 990 |
| 2012 | $81K | $72K | $72K | $474 | — | View 990 |
| 2011 | $66K | $75K | $64K | $843 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $114K, and assets of $426K (revenue +5.5% year-over-year).
- 2022: Revenue of $164K, expenses of $105K, and assets of $343K (revenue -45.8% year-over-year).
- 2021: Revenue of $302K, expenses of $99K, and assets of $332K (revenue +166.3% year-over-year).
- 2020: Revenue of $113K, expenses of $90K, and assets of $135K (revenue +39.2% year-over-year).
- 2019: Revenue of $81K, expenses of $81K, and assets of $111K (revenue -6.9% year-over-year).
- 2018: Revenue of $87K, expenses of $85K, and assets of $111K (revenue +24.5% year-over-year).
- 2017: Revenue of $70K, expenses of $74K, and assets of $108K (revenue +1.7% year-over-year).
- 2016: Revenue of $69K, expenses of $70K, and assets of $112K (revenue -20.1% year-over-year).
- 2015: Revenue of $87K, expenses of $71K, and assets of $112K (revenue +6.1% year-over-year).
- 2014: Revenue of $82K, expenses of $61K, and assets of $96K (revenue +13.0% year-over-year).
- 2013: Revenue of $72K, expenses of $69K, and assets of $76K (revenue -11.0% year-over-year).
- 2012: Revenue of $81K, expenses of $72K, and assets of $72K (revenue +22.8% year-over-year).
- 2011: Revenue of $66K, expenses of $75K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolfeboro Area Meals On Wheels Inc:
Data Sources and Methodology
This transparency report for Wolfeboro Area Meals On Wheels 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.