Wolfeboro Tennis Club Inc
Wolfeboro Tennis Club Inc maintains strong asset base with zero officer compensation, despite fluctuating revenues.
EIN: 20274543 · Wolfeboro, NH · NTEE: N66 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $88K |
| Total Expenses | $84K |
| Program Spending | 90% |
| Net Assets | $166K |
| Transparency Score | 95/100 |
Is Wolfeboro Tennis Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolfeboro Tennis Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wolfeboro Tennis Club Inc
Wolfeboro Tennis Club Inc (EIN: 20274543) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code N66. The organization reported total revenue of $88K and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolfeboro Tennis Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolfeboro Tennis Club Inc is a micro nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $84K |
| Surplus / Deficit | $-5,350 |
| Total Assets | $166K |
| Net Assets | $166K |
| Operating Margin | -6.8% |
| Months of Reserves | 23.6 months |
Financial Health Grade: B
In 2023, Wolfeboro Tennis Club Inc reported a deficit of $5K with expenses exceeding revenue, holds 23.6 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Wolfeboro Tennis Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +22.1% | -3.9% |
| 2022 | +69.6% | +1.3% | +9.8% |
| 2021 | -5.2% | +80.3% | -10.0% |
| 2020 | -11.4% | -43.4% | +16.1% |
| 2019 | +44.5% | +40.5% | -13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Tennis Club Inc 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, Wolfeboro Tennis Club Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization is likely volunteer-led and directs all financial resources to its operations and mission, which is highly commendable 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 Tennis Club Inc:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership and efficient resource allocation.
- Strong asset base ($190,959 latest assets) with minimal to no liabilities, demonstrating financial stability.
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
- Ability to absorb periods where expenses exceed revenue due to healthy asset reserves (e.g., 2023 expenses $84,326 vs. revenue $78,976).
- Growth in revenue in recent years (e.g., $80,368 in 2022 compared to $36,789 in 2017), suggesting increasing community engagement or support.
Frequently Asked Questions about Wolfeboro Tennis Club Inc
Is Wolfeboro Tennis Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolfeboro Tennis Club Inc (EIN: 20274543) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Wolfeboro Tennis Club Inc spend its money?
Wolfeboro Tennis Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wolfeboro Tennis Club Inc tax-deductible?
Wolfeboro Tennis Club Inc is registered as a tax-exempt nonprofit (EIN: 20274543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Wolfeboro Tennis Club Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Wolfeboro Tennis Club Inc is above average for NTEE category N66 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wolfeboro Tennis Club Inc located?
Wolfeboro Tennis Club Inc is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20274543. It is classified under NTEE code N66.
How many years of IRS 990 filings does Wolfeboro Tennis Club Inc have?
Wolfeboro Tennis Club Inc has 9 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 $88K in total revenue.
Is Wolfeboro Tennis Club Inc a good charity?
Based on its financial data, Wolfeboro Tennis Club Inc appears to be a very good organization. It consistently reports 0% officer compensation, maintains a healthy asset-to-liability ratio (often zero liabilities), and demonstrates strong financial stewardship.
How does Wolfeboro Tennis Club Inc manage its finances?
The organization manages its finances prudently, consistently maintaining a strong asset base ($190,959 latest assets) and often reporting no liabilities. While revenue and expenses fluctuate, the club's financial position remains stable, indicating effective management.
What is the primary use of funds for Wolfeboro Tennis Club Inc?
Given the 0% officer compensation and the nature of a tennis club, the primary use of funds would be for program services (e.g., court maintenance, equipment, events) and necessary administrative costs to support these programs, with no funds allocated to fundraising or executive salaries.
Filing History
IRS 990 filing history for Wolfeboro Tennis Club Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Wolfeboro Tennis Club Inc's revenue has grown by 83.6%, moving from $43K to $79K. Total assets decreased by 3.2% over the same period, from $171K to $166K. Total functional expenses rose by 90.1%, from $44K to $84K. In its most recent filing year (2023), Wolfeboro Tennis Club Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $84K | $166K | $0 | — | View 990 |
| 2022 | $80K | $69K | $172K | $0 | — | View 990 |
| 2021 | $47K | $68K | $157K | $0 | — | View 990 |
| 2020 | $50K | $38K | $175K | $0 | — | View 990 |
| 2019 | $56K | $67K | $150K | $0 | — | View 990 |
| 2018 | $39K | $48K | $173K | $0 | — | View 990 |
| 2017 | $37K | $49K | $176K | $0 | — | View 990 |
| 2016 | $41K | $43K | $177K | $1K | — | View 990 |
| 2015 | $43K | $44K | $171K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $84K, and assets of $166K (revenue -1.7% year-over-year).
- 2022: Revenue of $80K, expenses of $69K, and assets of $172K (revenue +69.6% year-over-year).
- 2021: Revenue of $47K, expenses of $68K, and assets of $157K (revenue -5.2% year-over-year).
- 2020: Revenue of $50K, expenses of $38K, and assets of $175K (revenue -11.4% year-over-year).
- 2019: Revenue of $56K, expenses of $67K, and assets of $150K (revenue +44.5% year-over-year).
- 2018: Revenue of $39K, expenses of $48K, and assets of $173K (revenue +6.2% year-over-year).
- 2017: Revenue of $37K, expenses of $49K, and assets of $176K (revenue -11.0% year-over-year).
- 2016: Revenue of $41K, expenses of $43K, and assets of $177K (revenue -3.9% year-over-year).
- 2015: Revenue of $43K, expenses of $44K, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolfeboro Tennis Club Inc:
Data Sources and Methodology
This transparency report for Wolfeboro Tennis Club 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.