Quick charity verification for Goffstown Main Street Program Inc (EIN: 20506535)
Verdict: Goffstown Main Street Program Inc appears trustworthy
70/100Mission Score
$82KRevenue
$86KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) in recent years (e.g., 2023, 2022, 2021, 2020).
Significant decline in total assets from $200,441 in 2019 to $87,970 in 2023.
Strengths
Zero officer compensation, indicating a volunteer-driven and efficient leadership structure.
No reported liabilities across all filing periods, demonstrating strong financial management in terms of debt.
Consistent filing of IRS 990s, indicating good transparency.
Spending Breakdown
How Goffstown Main Street Program Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Goffstown Main Street Program Inc
Is Goffstown Main Street Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goffstown Main Street Program Inc (EIN: 20506535) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Goffstown Main Street Program Inc a good charity to donate to?
Goffstown Main Street Program Inc has a Mission Score of 70/100. Revenue: $82K. Assets: $86K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goffstown Main Street Program Inc?
The Employer Identification Number (EIN) for Goffstown Main Street Program Inc is 20506535. 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 Goffstown Main Street Program Inc spend its money?
Goffstown Main Street Program Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goffstown Main Street Program Inc's tax-exempt status?
You can verify Goffstown Main Street Program Inc's tax-exempt status using EIN 20506535 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
Goffstown Main Street Program Inc demonstrates consistent financial transparency, with readily available IRS 990 filings showing no liabilities across all reported periods. The organization's financial health, however, shows a trend of expenses exceeding revenue in recent years, notably in 2023 ($71,903 expenses vs. $53,806 revenue) and 2022 ($60,562 expenses vs. $49,051 revenue). This has led to a decline in assets from a peak of $200,441 in 2019 to $87,970 in 2023. While the organization maintains a lean operational structure with no officer compensation, the sustained deficit spending warrants attention.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent lack of officer compensation suggests a volunteer-driven model, which can be highly efficient in terms of personnel costs. The organization's ability to maintain operations despite declining assets and recurring deficits indicates a reliance on existing reserves or potentially delayed recognition of certain revenues. Future sustainability will depend on reversing the trend of expenses outpacing revenue.
Overall, the organization is transparent in its financial reporting, but its financial stability has weakened over the past few years due to consistent deficit spending. The absence of liabilities is a positive indicator, but the shrinking asset base suggests a need for strategic financial planning to ensure long-term viability and program delivery.