Is New Hampshire Philharmonic Orchestra Incorporated Legit?
Quick charity verification for New Hampshire Philharmonic Orchestra Incorporated (EIN: 20373094)
Verdict: New Hampshire Philharmonic Orchestra Incorporated appears trustworthy
90/100Mission Score
$219KRevenue
$151KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, with revenue increasing from $51,130 in 202106 to $278,577 in 202406.
Strong asset accumulation, with assets growing from $89,497 in 202206 to $175,360 in 202406.
No reported officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
Expenses consistently below revenue in recent years (e.g., $212,877 expenses vs. $278,577 revenue in 202406), demonstrating good financial management.
Decreasing liabilities from $93,500 in 202006 to $63,562 in 202406, improving financial stability.
Spending Breakdown
How New Hampshire Philharmonic Orchestra Incorporated 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 Philharmonic Orchestra Incorporated
Is New Hampshire Philharmonic Orchestra Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Philharmonic Orchestra Incorporated (EIN: 20373094) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is New Hampshire Philharmonic Orchestra Incorporated a good charity to donate to?
New Hampshire Philharmonic Orchestra Incorporated has a Mission Score of 90/100. Revenue: $219K. Assets: $151K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hampshire Philharmonic Orchestra Incorporated?
The Employer Identification Number (EIN) for New Hampshire Philharmonic Orchestra Incorporated is 20373094. 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 Philharmonic Orchestra Incorporated spend its money?
New Hampshire Philharmonic Orchestra Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hampshire Philharmonic Orchestra Incorporated's tax-exempt status?
You can verify New Hampshire Philharmonic Orchestra Incorporated's tax-exempt status using EIN 20373094 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 Philharmonic Orchestra Incorporated demonstrates a generally stable financial trajectory, with recent years showing consistent revenue growth. In the latest filing (202406), the organization reported revenues of $278,577 against expenses of $212,877, resulting in a surplus that has contributed to a healthy increase in assets to $175,360. This growth is a positive indicator of financial health, especially when compared to earlier periods like 202106 where revenue was only $51,130. The organization's liabilities have also shown a decreasing trend from a high of $93,500 in 202006 and 202106 to $63,562 in 202406, further strengthening its financial position.
Spending efficiency appears to be reasonable, with expenses consistently below revenue in recent years, indicating effective management of resources. The absence of reported officer compensation across all available filings suggests that the organization relies heavily on volunteer leadership, which can significantly reduce administrative overhead and maximize funds directed towards its mission. This commitment to volunteerism enhances its spending efficiency and allows a greater proportion of its budget to support program activities.
Transparency is high given the consistent filing of IRS Form 990s over 16 periods, providing a comprehensive historical view of its financial operations. The detailed financial data available allows for a clear understanding of its revenue, expenses, assets, and liabilities. The lack of officer compensation also simplifies the analysis of how funds are allocated, reinforcing a perception of good governance and a focus on the orchestral mission rather than executive remuneration.