Is Nashua Soup Kitchen And Shelter…

Quick charity verification for Nashua Soup Kitchen And Shelter Incorporated (EIN: 20359239)

Strengths

Consistent 0% officer compensation, indicating high transparency and dedication to mission.
Significant and consistent revenue growth, from $2.22M in 202006 to $5.10M in 202306.
Substantial asset growth, increasing from $3.98M in 202006 to $14.8M in 202306.
Strong financial surpluses in recent years (e.g., $5.1M revenue vs. $2.5M expenses in 202306).
Low liabilities relative to assets, indicating good financial management (e.g., $3.84M liabilities vs. $14.8M assets in 202306).

Spending Breakdown

How Nashua Soup Kitchen And Shelter Incorporated 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 Nashua Soup Kitchen And Shelter Incorporated

Is Nashua Soup Kitchen And Shelter Incorporated a legitimate charity?

Based on AI analysis of IRS 990 filings, Nashua Soup Kitchen And Shelter Incorporated (EIN: 20359239) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Nashua Soup Kitchen And Shelter Incorporated a good charity to donate to?

Nashua Soup Kitchen And Shelter Incorporated has a Mission Score of 95/100. Revenue: $4.0M. Assets: $15.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Nashua Soup Kitchen And Shelter Incorporated?

The Employer Identification Number (EIN) for Nashua Soup Kitchen And Shelter Incorporated is 20359239. 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 Soup Kitchen And Shelter Incorporated spend its money?

Nashua Soup Kitchen And Shelter Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Nashua Soup Kitchen And Shelter Incorporated's tax-exempt status?

You can verify Nashua Soup Kitchen And Shelter Incorporated's tax-exempt status using EIN 20359239 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 Soup Kitchen And Shelter Incorporated demonstrates strong financial health and efficient spending, particularly in recent years. In the 202306 period, the organization reported revenue of $5,101,188 against expenses of $2,510,997, indicating a significant surplus that contributes to its growing asset base of $14,802,375. This trend of revenue exceeding expenses is consistent in the 202206 period as well, with revenue of $5,058,911 and expenses of $1,986,128. The organization's assets have shown substantial growth, increasing from $3,984,103 in 202006 to nearly $15 million in 202306, suggesting effective financial management and potentially successful fundraising or investment strategies.

The organization's spending efficiency appears high, as evidenced by the substantial difference between revenue and expenses. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial picture suggests that a significant portion of funds are available for mission-related activities. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing resources towards the mission rather than executive salaries. This practice enhances donor confidence and reflects a strong ethical stance.

Overall, Nashua Soup Kitchen And Shelter Incorporated appears to be a well-managed and financially robust organization. Its consistent growth in assets, coupled with a history of no reported officer compensation, points to a transparent and mission-focused approach to financial stewardship. The significant surpluses in recent years provide a strong foundation for future program expansion and long-term sustainability.

Is Nashua Soup Kitchen And Shelter Incorporated Legit?

Verdict: Nashua Soup Kitchen And Shelter Incorporated appears trustworthy