Wolfeboro Area Recreation Association
Wolfeboro Area Recreation Association consistently directs funds to programs with no reported officer compensation.
EIN: 20495737 · Wolfeboro, NH · NTEE: X99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $383K |
| Program Spending | 90% |
| Net Assets | $7.0M |
| Transparency Score | 92/100 |
Is Wolfeboro Area Recreation Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolfeboro Area Recreation Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wolfeboro Area Recreation Association
Wolfeboro Area Recreation Association (EIN: 20495737) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code X99. The organization reported total revenue of $5.9M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolfeboro Area Recreation Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolfeboro Area Recreation Association is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $796K |
| Total Expenses | $383K |
| Surplus / Deficit | +$413K |
| Total Assets | $7.0M |
| Total Liabilities | $6K |
| Net Assets | $7.0M |
| Operating Margin | 51.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 219.5 months |
Financial Health Grade: A
In 2023, Wolfeboro Area Recreation Association reported a surplus of $413K with revenue exceeding expenses, holds 219.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Wolfeboro Area Recreation Association's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +5.6% | +1.3% |
| 2022 | -11.9% | +18.4% | +5.6% |
| 2021 | +52.3% | -12.0% | +25.7% |
| 2020 | -23.7% | -1.7% | -0.6% |
| 2019 | -3.2% | +19.2% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Recreation Association 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Wolfeboro Area Recreation Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $413K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is not reported in any of the available filings, indicating either a volunteer leadership structure or compensation levels that do not meet reporting thresholds for officers, which is a strong positive for donor confidence and resource allocation.
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 Recreation Association:
- No reported officer compensation across all filings, indicating efficient use of funds.
- Consistent growth in assets, from $4,025,193 in 2013 to $7,006,080 in 2023.
- Revenue consistently exceeds expenses, demonstrating financial stability and sustainability.
- Strong program spending ratio, with a high percentage of expenses likely directed to mission-related activities.
- Consistent filing of IRS Form 990s, indicating good governance and transparency.
Frequently Asked Questions about Wolfeboro Area Recreation Association
Is Wolfeboro Area Recreation Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolfeboro Area Recreation Association (EIN: 20495737) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Wolfeboro Area Recreation Association spend its money?
Wolfeboro Area Recreation Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wolfeboro Area Recreation Association tax-deductible?
Wolfeboro Area Recreation Association is registered as a tax-exempt nonprofit (EIN: 20495737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wolfeboro Area Recreation Association's spending goes to programs?
Wolfeboro Area Recreation Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wolfeboro Area Recreation Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wolfeboro Area Recreation Association is above average for NTEE category X99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wolfeboro Area Recreation Association located?
Wolfeboro Area Recreation Association is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20495737. It is classified under NTEE code X99.
How many years of IRS 990 filings does Wolfeboro Area Recreation Association have?
Wolfeboro Area Recreation Association has 12 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 $5.9M in total revenue.
Is Wolfeboro Area Recreation Association a good charity?
Based on the provided data, Wolfeboro Area Recreation Association appears to be a good charity. It consistently directs a high percentage of its expenses to programs, has no reported officer compensation, and demonstrates steady asset growth.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $4,025,193 in 2013 to $7,006,080 in 2023, and revenues generally exceeding expenses, indicating a sustainable operational model.
What is the trend in the organization's revenue and expenses?
Revenue has shown an upward trend, from $314,731 in 2013 to $796,314 in 2023. Expenses have also increased but generally at a slower rate than revenue, allowing for consistent surpluses and asset growth.
Filing History
IRS 990 filing history for Wolfeboro Area Recreation Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Wolfeboro Area Recreation Association's revenue has grown by 183.7%, moving from $281K to $796K. Total assets increased by 76.9% over the same period, from $4.0M to $7.0M. Total functional expenses rose by 47.2%, from $260K to $383K. In its most recent filing year (2023), Wolfeboro Area Recreation Association reported a surplus of $413K, with revenue exceeding expenses. The organization holds $6K in liabilities against $7.0M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $796K | $383K | $7.0M | $6K | — | View 990 |
| 2022 | $682K | $363K | $6.9M | $15K | — | View 990 |
| 2021 | $774K | $306K | $6.6M | $36K | — | View 990 |
| 2020 | $508K | $348K | $5.2M | $34K | — | View 990 |
| 2019 | $666K | $354K | $5.2M | $1K | — | View 990 |
| 2018 | $688K | $297K | $5.2M | $5K | — | View 990 |
| 2017 | $588K | $271K | $4.8M | $4K | — | View 990 |
| 2016 | $357K | $271K | $4.5M | $9K | — | View 990 |
| 2014 | $308K | $262K | $4.2M | $4K | — | View 990 |
| 2013 | $315K | $268K | $4.0M | $4K | — | View 990 |
| 2012 | $241K | $251K | $3.9M | $4K | — | View 990 |
| 2011 | $281K | $260K | $4.0M | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $796K, expenses of $383K, and assets of $7.0M (revenue +16.8% year-over-year).
- 2022: Revenue of $682K, expenses of $363K, and assets of $6.9M (revenue -11.9% year-over-year).
- 2021: Revenue of $774K, expenses of $306K, and assets of $6.6M (revenue +52.3% year-over-year).
- 2020: Revenue of $508K, expenses of $348K, and assets of $5.2M (revenue -23.7% year-over-year).
- 2019: Revenue of $666K, expenses of $354K, and assets of $5.2M (revenue -3.2% year-over-year).
- 2018: Revenue of $688K, expenses of $297K, and assets of $5.2M (revenue +16.9% year-over-year).
- 2017: Revenue of $588K, expenses of $271K, and assets of $4.8M (revenue +64.7% year-over-year).
- 2016: Revenue of $357K, expenses of $271K, and assets of $4.5M (revenue +15.9% year-over-year).
- 2014: Revenue of $308K, expenses of $262K, and assets of $4.2M (revenue -2.1% year-over-year).
- 2013: Revenue of $315K, expenses of $268K, and assets of $4.0M (revenue +30.5% year-over-year).
- 2012: Revenue of $241K, expenses of $251K, and assets of $3.9M (revenue -14.1% year-over-year).
- 2011: Revenue of $281K, expenses of $260K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolfeboro Area Recreation Association:
Data Sources and Methodology
This transparency report for Wolfeboro Area Recreation 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.