Is N H Sea Building Association Inc Legit?

Quick charity verification for N H Sea Building Association Inc (EIN: 20453510)

Verdict: N H Sea Building Association Inc appears trustworthy

70/100Mission Score

$102KRevenue

$1.2MAssets

3Red Flags

4Strengths

Red Flags

Consistent decline in total assets over the past decade (from $1.57M in 2014 to $1.29M in 2023).
Expenses occasionally exceed revenue (e.g., $104,150 expenses vs. $98,028 revenue in 2023), indicating operating deficits.
NTEE code is unknown, making it difficult to benchmark against similar organizations or fully understand its programmatic focus.

Strengths

Strong asset base ($1,170,019) relative to annual revenue, indicating financial stability.
Consistently reports zero officer compensation, suggesting a highly efficient and volunteer-driven leadership structure.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Low liabilities relative to assets ($235,864 liabilities vs. $1,286,811 assets in 2023).

Spending Breakdown

How N H Sea Building Association Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 N H Sea Building Association Inc

Is N H Sea Building Association Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, N H Sea Building Association Inc (EIN: 20453510) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.

Is N H Sea Building Association Inc a good charity to donate to?

N H Sea Building Association Inc has a Mission Score of 70/100. Revenue: $102K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for N H Sea Building Association Inc?

The Employer Identification Number (EIN) for N H Sea Building Association Inc is 20453510. 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 N H Sea Building Association Inc spend its money?

N H Sea Building Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify N H Sea Building Association Inc's tax-exempt status?

You can verify N H Sea Building Association Inc's tax-exempt status using EIN 20453510 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

N H Sea Building Association Inc demonstrates consistent revenue generation, hovering around $100,000 annually, with its latest reported revenue at $101,778. The organization's assets are substantial at $1,170,019, significantly outweighing its liabilities, which stood at $235,864 in 2023. This indicates a strong balance sheet and financial stability. However, the organization has consistently reported zero officer compensation across all available filings, which, while potentially indicating volunteer leadership, could also suggest a lack of detailed reporting if any indirect benefits or non-cash compensation exist. The consistent decline in assets over the past several years, from $1,569,136 in 2014 to $1,286,811 in 2023, warrants further investigation, especially given that expenses have sometimes exceeded revenue, as seen in 2023 where expenses were $104,150 against $98,028 in revenue.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The consistent reporting of zero officer compensation suggests a lean operational structure, but without expense categorization, it's challenging to determine how effectively funds are being allocated to its mission. The overall financial health appears stable due to significant assets, but the trend of declining assets and occasional operating deficits suggests a need for careful financial management to ensure long-term sustainability.

Transparency is moderate. The organization consistently files its IRS Form 990s, providing public access to its financial statements. However, the lack of an NTEE code and the absence of detailed expense breakdowns in the provided data limit a comprehensive understanding of its operational focus and spending efficiency. The consistent zero officer compensation is a notable point for transparency, as it implies a fully volunteer-led executive team, which is positive for donor confidence regarding executive overhead.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.