Is New Hampshire Veterrinary Medical Association Scholarship Fund Inc Legit?
Quick charity verification for New Hampshire Veterrinary Medical Association Scholarship Fund Inc (EIN: 20485293)
Verdict: New Hampshire Veterrinary Medical Association Scholarship Fund Inc appears trustworthy
95/100Mission Score
$67KRevenue
$396KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $286,078 in 2014 to $366,778 in 2023.
Zero officer compensation reported across all filings, indicating high efficiency.
No reported liabilities, demonstrating strong financial management and stability.
Expenses consistently lower than revenue in most years, contributing to financial health (e.g., 2023: Revenue $82,297, Expenses $41,826).
Clear program focus as a scholarship fund, with minimal overhead.
Spending Breakdown
How New Hampshire Veterrinary Medical Association Scholarship Fund Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Veterrinary Medical Association Scholarship Fund Inc
Is New Hampshire Veterrinary Medical Association Scholarship Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Veterrinary Medical Association Scholarship Fund Inc (EIN: 20485293) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is New Hampshire Veterrinary Medical Association Scholarship Fund Inc a good charity to donate to?
New Hampshire Veterrinary Medical Association Scholarship Fund Inc has a Mission Score of 95/100. Revenue: $67K. Assets: $396K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hampshire Veterrinary Medical Association Scholarship Fund Inc?
The Employer Identification Number (EIN) for New Hampshire Veterrinary Medical Association Scholarship Fund Inc is 20485293. 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 Veterrinary Medical Association Scholarship Fund Inc spend its money?
New Hampshire Veterrinary Medical Association Scholarship Fund Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hampshire Veterrinary Medical Association Scholarship Fund Inc's tax-exempt status?
You can verify New Hampshire Veterrinary Medical Association Scholarship Fund Inc's tax-exempt status using EIN 20485293 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 Veterinary Medical Association Scholarship Fund Inc. demonstrates a generally healthy financial position, primarily focused on its scholarship program. Over the past five years (2019-2023), the organization has consistently maintained positive net assets, growing from $257,269 in 2019 to $366,778 in 2023. Revenue streams have shown some volatility, with a high of $102,820 in 2021 and a low of $31,709 in 2019, but overall, the organization has managed its expenses effectively, often spending less than its revenue, leading to asset growth. For instance, in 2023, revenue was $82,297 against expenses of $41,826.
Spending efficiency appears strong, particularly given the nature of a scholarship fund. With no reported officer compensation across all filings, administrative overhead is likely minimal, allowing a greater proportion of funds to directly support its program services. The consistent absence of liabilities further underscores a prudent financial management approach, indicating the organization operates within its means and avoids debt. This financial stability and lean operational structure suggest a high degree of spending efficiency.
Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s and the clear reporting of zero officer compensation. This level of detail provides a clear picture of the organization's financial activities and its commitment to its mission without significant executive overhead. The consistent growth in assets, coupled with low expenses relative to revenue in most years, paints a picture of a well-managed and financially sound nonprofit dedicated to its stated purpose.