Is Granite State Independent Living Legit?…

Quick charity verification for Granite State Independent Living (EIN: 20350170)

Strengths

Consistent revenue growth over the past decade (from $15.8M in 2014 to $22.3M in 2023)
Positive net income consistently reported, with revenues exceeding expenses in most years
Strong and growing asset base ($15.6M in 2023) indicating financial health
Manageable liabilities relative to assets ($4.8M liabilities vs. $15.6M assets in 2023)
Long and consistent IRS 990 filing history (13 filings), indicating good compliance

Spending Breakdown

How Granite State Independent Living allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Granite State Independent Living

Is Granite State Independent Living a legitimate charity?

Based on AI analysis of IRS 990 filings, Granite State Independent Living (EIN: 20350170) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.

Is Granite State Independent Living a good charity to donate to?

Granite State Independent Living has a Mission Score of 88/100. Revenue: $28.6M. Assets: $15.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Granite State Independent Living?

The Employer Identification Number (EIN) for Granite State Independent Living is 20350170. 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 Granite State Independent Living spend its money?

Granite State Independent Living allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Granite State Independent Living's tax-exempt status?

You can verify Granite State Independent Living's tax-exempt status using EIN 20350170 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

Granite State Independent Living demonstrates consistent financial growth and appears to maintain a healthy financial position. Over the past decade, revenue has steadily increased from $15.8 million in 2014 to $22.3 million in 2023, indicating strong operational activity. The organization consistently reports positive net income, with revenues generally exceeding expenses, contributing to a growing asset base. For instance, in 2023, revenue was $22,349,610 against expenses of $20,759,283, resulting in a surplus. This consistent surplus allows for reinvestment in programs and organizational stability.

The organization's spending efficiency appears to be robust, although specific program, administrative, and fundraising expense breakdowns are not provided in the raw data. However, the consistent positive net income suggests effective management of resources. The absence of reported officer compensation across all filings is a notable point regarding transparency, as it could indicate that executive compensation is either very low, non-existent, or reported in a way not immediately visible as 'Officer Comp' in this summary. Further investigation into the full 990 forms would be necessary to fully assess the allocation of expenses and executive remuneration.

Granite State Independent Living's asset base has shown significant growth, particularly between 2021 and 2022, jumping from $8.6 million to $17.7 million, before a slight decrease to $15.6 million in 2023. This growth in assets, coupled with manageable liabilities (e.g., $4.8 million in 2023), indicates a strong balance sheet and financial resilience. The organization's consistent filing history and growth trajectory suggest a well-managed and transparent operation, though detailed expense categories would enhance the transparency assessment.

Is Granite State Independent Living Legit?

Verdict: Granite State Independent Living appears trustworthy

Red Flags