Amoskeag Residences Inc
Amoskeag Residences Inc. maintains stable finances with no reported officer compensation over the past decade.
EIN: 20366119 · Manchester, NH · NTEE: P73Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $212K |
| Total Expenses | $218K |
| Program Spending | 90% |
| Net Assets | $278K |
| Transparency Score | 90/100 |
Is Amoskeag Residences Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amoskeag Residences Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amoskeag Residences Inc
Amoskeag Residences Inc (EIN: 20366119) is a nonprofit organization based in Manchester, NH, classified under NTEE code P73Z. The organization reported total revenue of $212K and total assets of $326K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amoskeag Residences Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amoskeag Residences Inc is a small nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $222K |
| Total Expenses | $218K |
| Surplus / Deficit | +$3K |
| Total Assets | $415K |
| Total Liabilities | $137K |
| Net Assets | $278K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 33.0% |
| Months of Reserves | 22.8 months |
Financial Health Grade: A
In 2023, Amoskeag Residences Inc reported a surplus of $3K with revenue exceeding expenses, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 33.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Amoskeag Residences Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +14.0% | +27.9% |
| 2022 | -8.5% | +11.7% | -5.8% |
| 2021 | -8.8% | -8.0% | -3.9% |
| 2020 | +8.6% | -26.8% | +15.4% |
| 2019 | +6.3% | +47.0% | -20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amoskeag Residences Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Amoskeag Residences Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated in a manner not classified as officer compensation, which is highly favorable for resource allocation to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Amoskeag Residences Inc:
- Consistent 0% officer compensation across all filings, maximizing program funding.
- Stable financial performance with consistent revenue and expense levels.
- Positive trend in assets, growing from $329,962 in 2014 to $414,677 in 2023.
- Long history of IRS 990 filings (12 filings), indicating transparency and compliance.
- Expenses generally align with or are slightly below revenue, demonstrating fiscal responsibility (e.g., 202306: Revenue=$221,619, Expenses=$218,286).
Frequently Asked Questions about Amoskeag Residences Inc
Is Amoskeag Residences Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Amoskeag Residences Inc (EIN: 20366119) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Amoskeag Residences Inc spend its money?
Amoskeag Residences Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amoskeag Residences Inc tax-deductible?
Amoskeag Residences Inc is registered as a tax-exempt nonprofit (EIN: 20366119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Amoskeag Residences Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Amoskeag Residences Inc is above average for NTEE category P73Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Amoskeag Residences Inc located?
Amoskeag Residences Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20366119. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Amoskeag Residences Inc have?
Amoskeag Residences Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $212K in total revenue.
Is Amoskeag Residences Inc. a good charity?
Based on the available IRS 990 data, Amoskeag Residences Inc. appears to be a well-managed and mission-focused charity. Key strengths include stable finances, consistent asset growth, and notably, 0% reported officer compensation, suggesting a high dedication of resources to its programs.
How has the organization's financial health changed over time?
Amoskeag Residences Inc. has maintained a stable financial position over the past decade. Revenues and expenses have remained consistent, and assets have shown a positive trend, increasing from $329,962 in 2014 to $414,677 in 2023, indicating prudent financial management.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings. This suggests a strong commitment to directing financial resources towards its programs rather than executive salaries.
Filing History
IRS 990 filing history for Amoskeag Residences Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Amoskeag Residences Inc's revenue has grown by 21.2%, moving from $183K to $222K. Total assets increased by 29.2% over the same period, from $321K to $415K. Total functional expenses rose by 36.3%, from $160K to $218K. In its most recent filing year (2023), Amoskeag Residences Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $137K in liabilities against $415K in assets (debt-to-asset ratio: 33.0%), resulting in net assets of $278K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $222K | $218K | $415K | $137K | — | View 990 |
| 2022 | $185K | $192K | $324K | $50K | — | View 990 |
| 2021 | $202K | $171K | $344K | $63K | — | View 990 |
| 2020 | $221K | $186K | $358K | $107K | — | View 990 |
| 2019 | $204K | $254K | $311K | $94K | — | View 990 |
| 2018 | $192K | $173K | $389K | $122K | — | — |
| 2017 | $187K | $173K | $379K | $131K | — | View 990 |
| 2016 | $187K | $170K | $359K | $125K | — | View 990 |
| 2015 | $198K | $163K | $352K | $135K | — | View 990 |
| 2014 | $185K | $158K | $330K | $148K | — | View 990 |
| 2013 | $190K | $171K | $326K | $170K | — | View 990 |
| 2012 | $183K | $160K | $321K | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $222K, expenses of $218K, and assets of $415K (revenue +20.1% year-over-year).
- 2022: Revenue of $185K, expenses of $192K, and assets of $324K (revenue -8.5% year-over-year).
- 2021: Revenue of $202K, expenses of $171K, and assets of $344K (revenue -8.8% year-over-year).
- 2020: Revenue of $221K, expenses of $186K, and assets of $358K (revenue +8.6% year-over-year).
- 2019: Revenue of $204K, expenses of $254K, and assets of $311K (revenue +6.3% year-over-year).
- 2018: Revenue of $192K, expenses of $173K, and assets of $389K (revenue +2.7% year-over-year).
- 2017: Revenue of $187K, expenses of $173K, and assets of $379K (revenue -0.2% year-over-year).
- 2016: Revenue of $187K, expenses of $170K, and assets of $359K (revenue -5.6% year-over-year).
- 2015: Revenue of $198K, expenses of $163K, and assets of $352K (revenue +7.1% year-over-year).
- 2014: Revenue of $185K, expenses of $158K, and assets of $330K (revenue -2.6% year-over-year).
- 2013: Revenue of $190K, expenses of $171K, and assets of $326K (revenue +3.8% year-over-year).
- 2012: Revenue of $183K, expenses of $160K, and assets of $321K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amoskeag Residences Inc:
Data Sources and Methodology
This transparency report for Amoskeag Residences Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.