Is High Hopes Foundation Of New Hampshire Inc Legit?
Quick charity verification for High Hopes Foundation Of New Hampshire Inc (EIN: 20368598)
Verdict: High Hopes Foundation Of New Hampshire Inc appears trustworthy
85/100Mission Score
$218KRevenue
$313KAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, which can make it harder to categorize and compare the organization's mission and activities with peers.
Strengths
Consistent 0% officer compensation, indicating strong commitment to mission over executive pay.
Significant asset growth from $109,501 in 2021 to $332,166 in 2023, demonstrating financial stability.
Positive net income in recent years (e.g., $42,988 in 2023 and $185,344 in 2022), indicating effective financial management.
Long filing history (13 filings), suggesting sustained operation and compliance.
Spending Breakdown
How High Hopes Foundation Of New Hampshire Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 High Hopes Foundation Of New Hampshire Inc
Is High Hopes Foundation Of New Hampshire Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, High Hopes Foundation Of New Hampshire Inc (EIN: 20368598) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is High Hopes Foundation Of New Hampshire Inc a good charity to donate to?
High Hopes Foundation Of New Hampshire Inc has a Mission Score of 85/100. Revenue: $218K. Assets: $313K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for High Hopes Foundation Of New Hampshire Inc?
The Employer Identification Number (EIN) for High Hopes Foundation Of New Hampshire Inc is 20368598. 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 High Hopes Foundation Of New Hampshire Inc spend its money?
High Hopes Foundation Of New Hampshire Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify High Hopes Foundation Of New Hampshire Inc's tax-exempt status?
You can verify High Hopes Foundation Of New Hampshire Inc's tax-exempt status using EIN 20368598 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
High Hopes Foundation Of New Hampshire Inc demonstrates a generally stable financial position, with assets growing from $109,501 in 2021 to $332,166 in 2023. Revenue has fluctuated, peaking at $231,710 in 2022 and remaining strong at $173,270 in 2023. The organization consistently reports 0% officer compensation, which is a positive indicator for donor confidence and suggests resources are directed towards its mission rather than executive salaries. However, the significant increase in liabilities from $934 in 2022 to $542 in 2023, alongside a decrease in assets from $332,166 to $313,164 (latest available data vs. 2023 filing), warrants closer examination to understand the nature of these obligations and their potential impact on future financial stability. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the consistent positive net income in recent years (e.g., $42,988 in 2023 and $185,344 in 2022) suggests effective financial management.