Quick charity verification for Nashua Association For The Elderly Inc (EIN: 20344807)
Verdict: Nashua Association For The Elderly Inc appears trustworthy
90/100Mission Score
$583KRevenue
$814KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication.
Growing asset base, from $401,926 in 2019 to $773,593 in 2023, demonstrating financial stability.
Stable operational history with consistent revenue generation over many years.
Low liabilities relative to assets, such as $45,358 in liabilities against $773,593 in assets in 2023.
Spending Breakdown
How Nashua Association For The Elderly Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Nashua Association For The Elderly Inc
Is Nashua Association For The Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nashua Association For The Elderly Inc (EIN: 20344807) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Nashua Association For The Elderly Inc a good charity to donate to?
Nashua Association For The Elderly Inc has a Mission Score of 90/100. Revenue: $583K. Assets: $814K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nashua Association For The Elderly Inc?
The Employer Identification Number (EIN) for Nashua Association For The Elderly Inc is 20344807. 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 Nashua Association For The Elderly Inc spend its money?
Nashua Association For The Elderly Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nashua Association For The Elderly Inc's tax-exempt status?
You can verify Nashua Association For The Elderly Inc's tax-exempt status using EIN 20344807 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
Nashua Association For The Elderly Inc demonstrates a generally stable financial position, with assets growing from $401,926 in 2019 to $773,593 in 2023, indicating prudent financial management over recent years. While revenue has fluctuated, such as a peak of $713,788 in 2022 followed by a decrease to $496,571 in 2023, the organization has consistently managed its expenses, often operating with a surplus or a modest deficit, as seen in 2023 where expenses ($536,276) slightly exceeded revenue ($496,571). This suggests a commitment to program delivery even during periods of revenue fluctuation.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. The NTEE code P81Z (Senior Centers) aligns well with the organization's name and implied mission, suggesting a focused program area. The absence of officer compensation also contributes positively to its transparency and efficiency profile.
Overall, the organization exhibits a healthy financial trajectory with increasing assets and a consistent operational history. The lack of reported officer compensation is a significant strength, indicating a high degree of financial efficiency and a strong commitment to directing resources towards its mission. While revenue can vary year-to-year, the organization's ability to manage expenses and grow its asset base points to sound financial stewardship.