Is New Hampshire Business Committee For The Arts Legit?
Quick charity verification for New Hampshire Business Committee For The Arts (EIN: 20397596)
Verdict: New Hampshire Business Committee For The Arts appears trustworthy
85/100Mission Score
$135KRevenue
$143KAssets
1Red Flags
5Strengths
Red Flags
Occasional operating deficits (e.g., 2024: expenses $121,019 vs. revenue $102,061; 2022: expenses $122,397 vs. revenue $140,620, though 2022 was a surplus year, the 2024 deficit is a concern if it becomes a trend).
Strengths
Consistent 0% officer compensation reported across all filings, indicating high efficiency.
Strong growth in assets, from $40,138 in 2020 to $143,433 in 2024.
No reported liabilities in recent years (2022-2024), indicating a healthy balance sheet.
Excellent transparency with 13 consistent IRS 990 filings.
Generally stable revenue base, despite some fluctuations.
Spending Breakdown
How New Hampshire Business Committee For The Arts 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 New Hampshire Business Committee For The Arts
Is New Hampshire Business Committee For The Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Business Committee For The Arts (EIN: 20397596) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is New Hampshire Business Committee For The Arts a good charity to donate to?
New Hampshire Business Committee For The Arts has a Mission Score of 85/100. Revenue: $135K. Assets: $143K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hampshire Business Committee For The Arts?
The Employer Identification Number (EIN) for New Hampshire Business Committee For The Arts is 20397596. 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 Business Committee For The Arts spend its money?
New Hampshire Business Committee For The Arts allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hampshire Business Committee For The Arts's tax-exempt status?
You can verify New Hampshire Business Committee For The Arts's tax-exempt status using EIN 20397596 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 Business Committee For The Arts demonstrates consistent financial transparency, with 13 filings available and no reported liabilities in recent years, indicating sound financial management. The organization's revenue has fluctuated, with a notable dip in 2020 to $79,474, but has generally recovered, reaching $125,116 in 2023 before a slight decrease to $102,061 in 2024. Expenses have largely tracked revenue, with the organization operating at a slight deficit in 2024 (expenses of $121,019 against revenue of $102,061) and 2022, but showing surpluses in 2023 and 2021. This suggests a generally balanced operational approach, though careful monitoring of expense growth relative to revenue is warranted.
The organization's assets have shown healthy growth, increasing from $40,138 in 2020 to $143,433 in 2024, indicating a strengthening financial position. A key aspect of their financial health is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, contributing positively to their spending efficiency. While specific program spending details are not provided in the summary data, the absence of officer compensation implies a higher proportion of funds could be directed towards their mission. The organization's consistent filing history further enhances its transparency profile.