Wolfeboro Friends Of Music
Wolfeboro Friends Of Music: Consistent Program Spending, Modest Growth
EIN: 222791238 · Wolfeboro, NH · NTEE: A680 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $116K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $381K |
| Transparency Score | 75/100 |
Is Wolfeboro Friends Of Music Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolfeboro Friends Of Music directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wolfeboro Friends Of Music
Wolfeboro Friends Of Music (EIN: 222791238) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code A680. The organization reported total revenue of $106K and total assets of $345K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolfeboro Friends Of Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolfeboro Friends Of Music is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $116K |
| Surplus / Deficit | $-45,831 |
| Total Assets | $381K |
| Net Assets | $381K |
| Operating Margin | -65.3% |
| Months of Reserves | 39.4 months |
Financial Health Grade: B
In 2024, Wolfeboro Friends Of Music reported a deficit of $46K with expenses exceeding revenue, holds 39.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Wolfeboro Friends Of Music's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.7% | +91.7% | -3.9% |
| 2023 | -28.6% | +58.7% | +5.9% |
| 2022 | -61.9% | +103.8% | -0.4% |
| 2021 | +180.5% | -56.0% | +146.4% |
| 2020 | +37.5% | -38.6% | +23.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Friends Of Music with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Wolfeboro Friends Of Music allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not a concern as the organization consistently reports $0 in compensation for all officers, directors, trustees, and key employees.
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 Friends Of Music:
- Strong program spending, with a high percentage of expenses consistently allocated to programs.
- Healthy asset base relative to annual revenue, indicating financial stability.
- Consistent reporting of $0 executive compensation, demonstrating a volunteer-driven leadership model.
Frequently Asked Questions about Wolfeboro Friends Of Music
Is Wolfeboro Friends Of Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolfeboro Friends Of Music (EIN: 222791238) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Wolfeboro Friends Of Music spend its money?
Wolfeboro Friends Of Music directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wolfeboro Friends Of Music tax-deductible?
Wolfeboro Friends Of Music is registered as a tax-exempt nonprofit (EIN: 222791238). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wolfeboro Friends Of Music CEO make?
Wolfeboro Friends Of Music's highest-compensated officer earns $0 annually. The organization reported $106K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wolfeboro Friends Of Music's spending goes to programs?
Wolfeboro Friends Of Music directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wolfeboro Friends Of Music compare to similar nonprofits?
With a transparency score of 75/100 (Good), Wolfeboro Friends Of Music is above average for NTEE category A680 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wolfeboro Friends Of Music located?
Wolfeboro Friends Of Music is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 222791238. It is classified under NTEE code A680.
How many years of IRS 990 filings does Wolfeboro Friends Of Music have?
Wolfeboro Friends Of Music 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 $106K in total revenue.
What does Wolfeboro Friends Of Music do?
Wolfeboro Friends Of Music is a nonprofit organization in the Arts, Culture & Humanities sector, located in Wolfeboro, New Hampshire. It is classified under NTEE code A680.
How much revenue does Wolfeboro Friends Of Music have?
Wolfeboro Friends Of Music reported total revenue of $106,065. Based on 13 IRS 990 filings on record.
What are Wolfeboro Friends Of Music's total assets?
Wolfeboro Friends Of Music holds total assets of $345,318 as reported in IRS 990 filings.
Where is Wolfeboro Friends Of Music located?
Wolfeboro Friends Of Music is based in Wolfeboro, New Hampshire.
What is Wolfeboro Friends Of Music's EIN?
Wolfeboro Friends Of Music's Employer Identification Number (EIN) is 222791238. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wolfeboro Friends Of Music?
Wolfeboro Friends Of Music is classified under NTEE code A680 (Arts, Culture & Humanities).
Is Wolfeboro Friends Of Music a registered 501(c)(3)?
Yes, Wolfeboro Friends Of Music is recognized as a tax-exempt organization by the IRS. EIN: 222791238.
Does Wolfeboro Friends Of Music file IRS Form 990?
Yes, Wolfeboro Friends Of Music has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Wolfeboro Friends Of Music's revenue in 2024?
In the 202406 filing period, Wolfeboro Friends Of Music reported total revenue of $70,183, total expenses of $116,014, and net assets of $381,019.
Is Wolfeboro Friends Of Music's revenue growing or declining?
Wolfeboro Friends Of Music's revenue is growing. Revenue went from $62,258 (202306) to $70,183 (202406), a +12.7% change. Based on 13 filings on record.
What is Wolfeboro Friends Of Music's most recent 990 filing?
The most recent IRS Form 990 filing for Wolfeboro Friends Of Music covers tax period 202406. It shows revenue of $70,183, expenses of $116,014, total assets of $381,019, and liabilities of N/A.
How much does Wolfeboro Friends Of Music spend on programs vs administration?
Based on IRS 990 analysis, Wolfeboro Friends Of Music allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Wolfeboro Friends Of Music a trustworthy charity?
Based on AI analysis of IRS 990 data, Wolfeboro Friends Of Music appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Wolfeboro Friends Of Music's strengths?
Positive indicators for Wolfeboro Friends Of Music include: Strong program spending, with a high percentage of expenses consistently allocated to programs.. Healthy asset base relative to annual revenue, indicating financial stability.. Consistent reporting of $0 executive compensation, demonstrating a volunteer-driven leadership model.. These findings are derived from AI analysis of the organization's financial filings.
How does Wolfeboro Friends Of Music compensate executives?
Executive compensation is not a concern as the organization consistently reports $0 in compensation for all officers, directors, trustees, and key employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations and programs without paid executive leadership?
The consistent reporting of $0 for executive compensation suggests a strong reliance on volunteer leadership and potentially a lean operational structure, allowing a higher percentage of funds to directly support programs.
What is the trend in the organization's net assets over the past five years?
Net assets have shown a positive trend, growing from $152,557 in 2020 to $345,318 in 2024, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Wolfeboro Friends Of Music showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Wolfeboro Friends Of Music's revenue has declined by 22.2%, moving from $90K to $70K. Total assets increased by 688.6% over the same period, from $48K to $381K. Total functional expenses rose by 37.4%, from $84K to $116K. In its most recent filing year (2024), Wolfeboro Friends Of Music reported a deficit of $46K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $70K | $116K | $381K | $0 | — | — |
| 2023 | $62K | $61K | $397K | $0 | — | View 990 |
| 2022 | $87K | $38K | $375K | $0 | — | View 990 |
| 2021 | $229K | $19K | $376K | $0 | — | View 990 |
| 2020 | $82K | $43K | $153K | $0 | — | View 990 |
| 2019 | $59K | $69K | $123K | $10K | — | View 990 |
| 2018 | $81K | $65K | $121K | $1K | — | — |
| 2017 | $62K | $70K | $108K | $5K | — | View 990 |
| 2016 | $78K | $75K | $112K | $5K | — | View 990 |
| 2015 | $81K | $61K | $114K | $9K | — | View 990 |
| 2014 | $85K | $57K | $95K | $10K | — | View 990 |
| 2013 | $74K | $58K | $61K | $7K | — | View 990 |
| 2012 | $90K | $84K | $48K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $70K, expenses of $116K, and assets of $381K (revenue +12.7% year-over-year).
- 2023: Revenue of $62K, expenses of $61K, and assets of $397K (revenue -28.6% year-over-year).
- 2022: Revenue of $87K, expenses of $38K, and assets of $375K (revenue -61.9% year-over-year).
- 2021: Revenue of $229K, expenses of $19K, and assets of $376K (revenue +180.5% year-over-year).
- 2020: Revenue of $82K, expenses of $43K, and assets of $153K (revenue +37.5% year-over-year).
- 2019: Revenue of $59K, expenses of $69K, and assets of $123K (revenue -26.4% year-over-year).
- 2018: Revenue of $81K, expenses of $65K, and assets of $121K (revenue +30.3% year-over-year).
- 2017: Revenue of $62K, expenses of $70K, and assets of $108K (revenue -20.7% year-over-year).
- 2016: Revenue of $78K, expenses of $75K, and assets of $112K (revenue -4.1% year-over-year).
- 2015: Revenue of $81K, expenses of $61K, and assets of $114K (revenue -4.3% year-over-year).
- 2014: Revenue of $85K, expenses of $57K, and assets of $95K (revenue +15.0% year-over-year).
- 2013: Revenue of $74K, expenses of $58K, and assets of $61K (revenue -18.3% year-over-year).
- 2012: Revenue of $90K, expenses of $84K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolfeboro Friends Of Music:
Data Sources and Methodology
This transparency report for Wolfeboro Friends Of Music 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.