Is Food Industry Scholarship Fund Of New Hampshire Legit?
Quick charity verification for Food Industry Scholarship Fund Of New Hampshire (EIN: 20433248)
Verdict: Food Industry Scholarship Fund Of New Hampshire appears trustworthy
92/100Mission Score
$157KRevenue
$235KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $112,023 in 2019 to $210,202 in 2023.
Zero officer compensation reported across all filings, indicating efficient use of funds.
Minimal liabilities ($1 in recent years), demonstrating strong financial health and low risk.
Revenue consistently exceeding expenses in recent years (e.g., $144,558 revenue vs. $129,283 expenses in 2023).
Long history of IRS 990 filings (10 filings), indicating transparency and compliance.
Spending Breakdown
How Food Industry Scholarship Fund Of New Hampshire allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Food Industry Scholarship Fund Of New Hampshire
Is Food Industry Scholarship Fund Of New Hampshire a legitimate charity?
Based on AI analysis of IRS 990 filings, Food Industry Scholarship Fund Of New Hampshire (EIN: 20433248) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Food Industry Scholarship Fund Of New Hampshire a good charity to donate to?
Food Industry Scholarship Fund Of New Hampshire has a Mission Score of 92/100. Revenue: $157K. Assets: $235K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Food Industry Scholarship Fund Of New Hampshire?
The Employer Identification Number (EIN) for Food Industry Scholarship Fund Of New Hampshire is 20433248. 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 Food Industry Scholarship Fund Of New Hampshire spend its money?
Food Industry Scholarship Fund Of New Hampshire allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Food Industry Scholarship Fund Of New Hampshire's tax-exempt status?
You can verify Food Industry Scholarship Fund Of New Hampshire's tax-exempt status using EIN 20433248 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 Food Industry Scholarship Fund Of New Hampshire demonstrates consistent financial health, with a steady increase in revenue and assets over the past five years. In 2023, the organization reported revenue of $144,558 against expenses of $129,283, resulting in a surplus that contributes to its growing asset base of $210,202. This trend of revenue exceeding expenses, particularly since 2021, indicates sound financial management and an ability to build reserves. The organization's liabilities have consistently been minimal ($1 in recent years), suggesting a very low financial risk profile.
The organization exhibits strong spending efficiency, with a significant portion of its expenses likely directed towards its program services – scholarship awards. Given the nature of a scholarship fund, administrative and fundraising costs are typically low, which is supported by the absence of officer compensation. This lean operational structure allows a greater percentage of funds to directly support its mission. The consistent filing of IRS 990 forms over a decade, with detailed financial figures, indicates a commitment to transparency.
Overall, the Food Industry Scholarship Fund Of New Hampshire appears to be a well-managed and financially stable nonprofit. Its consistent growth in assets, minimal liabilities, and apparent focus on program delivery, coupled with transparent reporting, paint a positive picture of its financial health and operational integrity. The lack of officer compensation further reinforces its dedication to maximizing funds for its beneficiaries.