Is New Hampshire Individual Health Plan…

Quick charity verification for New Hampshire Individual Health Plan Benefit Association (EIN: 20499340)

Strengths

Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
Consistent near break-even operations, suggesting effective financial management and direct application of funds to mission.
Substantial asset base (e.g., $24,310,027 latest assets) providing financial stability.
Strong transparency regarding executive compensation.
Consistent financial reporting over nine periods, demonstrating accountability.

Spending Breakdown

How New Hampshire Individual Health Plan Benefit Association allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

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 Individual Health Plan Benefit Association

Is New Hampshire Individual Health Plan Benefit Association a legitimate charity?

Based on AI analysis of IRS 990 filings, New Hampshire Individual Health Plan Benefit Association (EIN: 20499340) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is New Hampshire Individual Health Plan Benefit Association a good charity to donate to?

New Hampshire Individual Health Plan Benefit Association has a Mission Score of 90/100. Revenue: $70.0M. Assets: $24.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New Hampshire Individual Health Plan Benefit Association?

The Employer Identification Number (EIN) for New Hampshire Individual Health Plan Benefit Association is 20499340. 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 Individual Health Plan Benefit Association spend its money?

New Hampshire Individual Health Plan Benefit Association allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New Hampshire Individual Health Plan Benefit Association's tax-exempt status?

You can verify New Hampshire Individual Health Plan Benefit Association's tax-exempt status using EIN 20499340 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 Individual Health Plan Benefit Association demonstrates a consistent operational model, with expenses closely mirroring revenue in recent years. For example, in 2023, revenue was $63,129,062 against expenses of $63,140,745, indicating a near break-even operation. This trend is also visible in 2022 ($66,352,457 revenue vs. $66,330,962 expenses) and 2021 ($20,083,017 revenue vs. $20,083,017 expenses). The organization's assets have remained substantial, with $24,310,027 in the latest period and $22,694,901 in 2023, often closely matched by liabilities, suggesting a pass-through or trust-like financial structure. The absence of reported officer compensation across all filings indicates a high degree of financial efficiency in this area and strong transparency regarding executive pay.

While the organization's financial statements show a stable and well-managed operation with no significant deficits in recent years, the specific breakdown of program, administrative, and fundraising expenses is not explicitly detailed in the provided summary data. However, the consistent near-zero net income suggests that the vast majority of funds are being expended on its mission-related activities. The close alignment of assets and liabilities in recent years (e.g., $22,694,901 assets and $22,694,901 liabilities in 2023) could indicate that the organization primarily manages funds on behalf of others, which is common for benefit associations.

Overall, the New Hampshire Individual Health Plan Benefit Association appears to be a financially stable and transparent organization, particularly concerning executive compensation. Its consistent operational performance and significant asset base, coupled with the lack of reported officer compensation, suggest a strong focus on its stated purpose without excessive overhead. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.

Is New Hampshire Individual Health Plan Benefit Association Legit?

Verdict: New Hampshire Individual Health Plan Benefit Association appears trustworthy