Is New Hampshire Automobile Reinsurance…

Quick charity verification for New Hampshire Automobile Reinsurance Facility (EIN: 132882101)

Spending Breakdown

How New Hampshire Automobile Reinsurance Facility allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

20%

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 New Hampshire Automobile Reinsurance Facility

Is New Hampshire Automobile Reinsurance Facility a legitimate charity?

Based on AI analysis of IRS 990 filings, New Hampshire Automobile Reinsurance Facility (EIN: 132882101) shows mixed signals. Mission Score: 50/100. 3 red flags identified, 3 strengths noted.

Is New Hampshire Automobile Reinsurance Facility a good charity to donate to?

New Hampshire Automobile Reinsurance Facility has a Mission Score of 50/100. Revenue: $81K. Assets: $257K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New Hampshire Automobile Reinsurance Facility?

The Employer Identification Number (EIN) for New Hampshire Automobile Reinsurance Facility is 132882101. 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 Automobile Reinsurance Facility spend its money?

New Hampshire Automobile Reinsurance Facility allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New Hampshire Automobile Reinsurance Facility's tax-exempt status?

You can verify New Hampshire Automobile Reinsurance Facility's tax-exempt status using EIN 132882101 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 Automobile Reinsurance Facility appears to be a unique entity, likely operating as a risk-sharing mechanism rather than a traditional public charity. Its financial health shows a consistent trend of expenses exceeding revenue in most recent years, leading to a decline in assets from a peak of $930,973 in 2014 to $303,705 in 2023. For example, in 2023, expenses were $190,290 against revenues of $119,306, resulting in a net deficit. This pattern suggests it may be drawing down reserves or operating in a manner where its 'revenue' is not intended to fully cover 'expenses' in a given period, which is common for reinsurance facilities. Given its likely operational nature, traditional spending efficiency metrics for charities (e.g., program spending ratio) may not be directly applicable or comparable without further context on its specific mandate and how it manages its reinsurance obligations.

Transparency is generally good, as evidenced by its consistent IRS 990 filings over 13 periods. The filings consistently report 0% officer compensation, indicating that executive pay is not a concern for this organization. However, without an NTEE code, its specific charitable purpose or operational model remains somewhat ambiguous, making a full assessment of its 'program' spending difficult. The organization's financial statements show a significant amount of liabilities relative to assets, such as $133,178 in liabilities against $303,705 in assets in 2023, which is typical for an entity managing future claims or obligations.

Overall, while the organization is transparent with its filings and shows no issues with executive compensation, its financial health, characterized by declining assets and consistent deficits, needs to be understood within the context of its specific role as a reinsurance facility. It is not structured like a typical grant-making or service-providing charity, and its financial performance should be evaluated against industry benchmarks for similar risk-pooling entities rather than general nonprofit financial health indicators.

Is New Hampshire Automobile Reinsurance Facility Legit?

Verdict: New Hampshire Automobile Reinsurance Facility shows mixed signals

Red Flags

Strengths