Quick charity verification for Business And Industry Association Of Nh (EIN: 20172300)
Verdict: Business And Industry Association Of Nh appears trustworthy
85/100Mission Score
$1.6MRevenue
$1.8MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial stability with revenues generally covering expenses (e.g., 2023 revenue $1,498,497 vs. expenses $1,506,540).
Strong asset base relative to liabilities, indicating good financial health (e.g., 2023 assets $1,576,170 vs. liabilities $159,643).
No reported officer compensation across all filings, suggesting efficient use of funds for mission.
Maintained stable operations and asset growth over a 10-year period.
Spending Breakdown
How Business And Industry Association Of Nh allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Business And Industry Association Of Nh
Is Business And Industry Association Of Nh a legitimate charity?
Based on AI analysis of IRS 990 filings, Business And Industry Association Of Nh (EIN: 20172300) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Business And Industry Association Of Nh a good charity to donate to?
Business And Industry Association Of Nh has a Mission Score of 85/100. Revenue: $1.6M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Business And Industry Association Of Nh?
The Employer Identification Number (EIN) for Business And Industry Association Of Nh is 20172300. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Business And Industry Association Of Nh spend its money?
Business And Industry Association Of Nh allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Business And Industry Association Of Nh's tax-exempt status?
You can verify Business And Industry Association Of Nh's tax-exempt status using EIN 20172300 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Business And Industry Association Of NH demonstrates consistent financial stability with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, revenues were $1,498,497 against expenses of $1,506,540, indicating a near break-even operation. The organization maintains healthy asset levels, with $1,576,170 in assets in 2023, significantly exceeding its liabilities of $159,643. This strong asset-to-liability ratio suggests good financial management and reserves.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operational performance and lack of reported officer compensation indicate a focus on mission and efficient use of funds. The organization's ability to maintain stable operations and asset growth over many years, despite fluctuations in annual revenue, points to sound financial planning and execution. The absence of officer compensation also suggests a lean operational structure at the executive level, which can contribute to greater spending efficiency.
Overall, the Business And Industry Association Of NH appears to be a financially sound organization. Its consistent revenue streams, controlled expenses, and healthy balance sheet demonstrate a responsible approach to financial stewardship. The lack of reported officer compensation is a positive indicator of resource allocation, though a detailed breakdown of functional expenses would provide even greater transparency into spending efficiency.