Zero officer compensation, indicating a volunteer-driven and highly efficient leadership structure.
Steady growth in assets over the past decade, from $1,172,940 in 2014 to $1,434,945 currently.
Demonstrated resilience and financial recovery after the 2020 pandemic impact.
Long history of consistent IRS 990 filings, indicating good transparency.
Spending Breakdown
How Hopkinton State Fair Association 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 Hopkinton State Fair Association
Is Hopkinton State Fair Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopkinton State Fair Association (EIN: 20207865) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Hopkinton State Fair Association a good charity to donate to?
Hopkinton State Fair Association has a Mission Score of 85/100. Revenue: $1.4M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hopkinton State Fair Association?
The Employer Identification Number (EIN) for Hopkinton State Fair Association is 20207865. 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 Hopkinton State Fair Association spend its money?
Hopkinton State Fair Association allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hopkinton State Fair Association's tax-exempt status?
You can verify Hopkinton State Fair Association's tax-exempt status using EIN 20207865 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 Hopkinton State Fair Association demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating sound operational management. For instance, in 2023, revenue was $1,300,633 against expenses of $1,275,910, resulting in a surplus. The organization's assets have also shown steady growth, reaching $1,434,945 in the latest period, suggesting good financial stewardship. The absence of reported officer compensation across all available filings points to a volunteer-driven leadership structure, which can be a positive indicator of efficiency and dedication to mission.
Spending efficiency appears strong, particularly given the zero officer compensation. This implies that a significant portion of funds is likely directed towards the fair's operations and community engagement. The organization's ability to maintain a healthy asset base while managing annual events of this scale suggests effective resource allocation. The dip in revenue and corresponding increase in expenses in 2020 (Revenue=$22,632, Expenses=$330,854) likely reflects the impact of the COVID-19 pandemic, a challenge the organization appears to have successfully navigated, returning to pre-pandemic financial levels by 2021.
Transparency is generally good, with consistent IRS 990 filings available over a long period. The clear reporting of zero officer compensation enhances trust. While specific program spending details would further illuminate efficiency, the overall financial health and consistent operational surpluses, coupled with a volunteer leadership, suggest a well-managed and transparent organization focused on its mission.