Is New Hampshire Association Of Insurance Agents Inc Legit?
Quick charity verification for New Hampshire Association Of Insurance Agents Inc (EIN: 20207161)
Verdict: New Hampshire Association Of Insurance Agents Inc appears trustworthy
85/100Mission Score
$591KRevenue
$1.3MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth: Assets increased from $695,925 in 2014 to $1,331,156 in 2023, indicating strong financial management.
No reported officer compensation: The organization consistently reports 0% officer compensation, suggesting efficient use of funds or volunteer leadership.
Healthy financial reserves: The organization maintains a significant asset base relative to its annual expenses, providing financial stability.
Decreasing liabilities: Liabilities have decreased from $343,146 in 2014 to $147,938 in 2023, improving the organization's financial health.
Spending Breakdown
How New Hampshire Association Of Insurance Agents Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 New Hampshire Association Of Insurance Agents Inc
Is New Hampshire Association Of Insurance Agents Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Association Of Insurance Agents Inc (EIN: 20207161) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is New Hampshire Association Of Insurance Agents Inc a good charity to donate to?
New Hampshire Association Of Insurance Agents Inc has a Mission Score of 85/100. Revenue: $591K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hampshire Association Of Insurance Agents Inc?
The Employer Identification Number (EIN) for New Hampshire Association Of Insurance Agents Inc is 20207161. 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 New Hampshire Association Of Insurance Agents Inc spend its money?
New Hampshire Association Of Insurance Agents Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hampshire Association Of Insurance Agents Inc's tax-exempt status?
You can verify New Hampshire Association Of Insurance Agents Inc's tax-exempt status using EIN 20207161 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 New Hampshire Association Of Insurance Agents Inc demonstrates consistent financial stability with growing assets and a healthy revenue stream. Over the past decade, the organization has generally maintained a positive net income, contributing to a steady increase in its asset base, from $695,925 in 2014 to $1,331,156 in 2023. This indicates prudent financial management and an ability to build reserves. The organization's liabilities have also been well-managed, showing a decreasing trend from $343,146 in 2014 to $147,938 in 2023, further strengthening its financial position.
While specific program spending details are not provided in the summary data, the consistent positive net income suggests that expenses are kept within revenue limits. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or very lean executive management model, which can contribute to lower administrative costs. This practice enhances the perception of the organization's commitment to its mission by minimizing overhead related to top-level salaries.
Overall, the New Hampshire Association Of Insurance Agents Inc appears to be a financially sound and well-managed organization. Its consistent growth in assets, controlled liabilities, and the lack of reported officer compensation point towards a focus on sustainability and efficient use of resources. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is limited. The transparency regarding officer compensation is a positive indicator.