Quick charity verification for New Hampshire Bankers Association (EIN: 20235648)
Verdict: New Hampshire Bankers Association appears trustworthy
75/100Mission Score
$1.5MRevenue
$2.5MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown in summary data
Consistent 'Officer Comp=0%' may obscure actual compensation if categorized elsewhere
Strengths
Consistent revenue generation, with latest revenue at $1,995,780
Healthy asset growth, reaching $2,270,715 in the latest period
Low liabilities relative to assets, indicating financial stability
Positive net income in most recent filing ($1,995,780 revenue vs. $1,616,591 expenses)
Spending Breakdown
How New Hampshire Bankers Association 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 New Hampshire Bankers Association
Is New Hampshire Bankers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Bankers Association (EIN: 20235648) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is New Hampshire Bankers Association a good charity to donate to?
New Hampshire Bankers Association has a Mission Score of 75/100. Revenue: $1.5M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hampshire Bankers Association?
The Employer Identification Number (EIN) for New Hampshire Bankers Association is 20235648. 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 Bankers Association spend its money?
New Hampshire Bankers Association allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hampshire Bankers Association's tax-exempt status?
You can verify New Hampshire Bankers Association's tax-exempt status using EIN 20235648 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 Bankers Association demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in the 202306 period, the organization reported revenues of $1,995,780 against expenses of $1,616,591, indicating a healthy surplus. Assets have shown steady growth, reaching $2,270,715 in the latest filing, suggesting good financial management and stability. The organization's liabilities are relatively low compared to its assets, further reinforcing its sound financial position.
While specific program spending percentages are not directly provided in the summary data, the consistent operational surpluses and asset growth suggest efficient use of resources. The absence of reported officer compensation across all filings indicates a high degree of transparency regarding executive pay, as it implies either no compensation or that it's reported under other expense categories, which would warrant further investigation for a complete picture. Overall, the financial health appears robust, with a clear trend of responsible fiscal management.
However, without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency and program focus. The consistent 'Officer Comp=0%' across all filings is a notable point for transparency, suggesting either volunteer leadership or compensation being categorized differently, which would require reviewing the full 990 forms for clarity.