Derry Friendship Center Inc
Derry Friendship Center Inc shows consistent asset growth and no executive compensation, indicating strong financial health and program focus.
EIN: 20358039 · Derry, NH · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $62K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $72,000 |
| Net Assets | $552K |
| Transparency Score | 95/100 |
Is Derry Friendship Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Derry Friendship Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Derry Friendship Center Inc
Derry Friendship Center Inc (EIN: 20358039) is a nonprofit organization based in Derry, NH, classified under NTEE code B990. The organization reported total revenue of $124K and total assets of $620K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Derry Friendship Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Derry Friendship Center Inc is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $62K |
| Surplus / Deficit | +$105K |
| Total Assets | $588K |
| Total Liabilities | $36K |
| Net Assets | $552K |
| Operating Margin | 63.1% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 114.5 months |
Financial Health Grade: A
In 2024, Derry Friendship Center Inc reported a surplus of $105K with revenue exceeding expenses, holds 114.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Derry Friendship Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +56.6% | +5.1% | +11.0% |
| 2023 | +0.6% | +14.7% | +8.4% |
| 2022 | -5.5% | +17.7% | +8.9% |
| 2021 | +26.8% | -28.4% | +16.7% |
| 2020 | -2.9% | +15.3% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Derry Friendship Center Inc with a Mission Score of 95 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, Derry Friendship Center 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $105K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating a volunteer-led organization. This significantly reduces administrative overhead and allows more funds to be directed towards the organization's mission, especially given its revenue ranging from approximately $72,000 to $166,000 annually.
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 Derry Friendship Center Inc:
- Consistent asset growth, increasing from $244,616 in 2015 to $588,046 in 2024.
- 0% officer compensation reported across all filings, indicating a volunteer-led and highly efficient operation.
- Revenue consistently exceeds expenses, leading to healthy surpluses and financial stability.
- Strong program focus implied by low overhead and consistent asset accumulation.
- Positive trend in revenue, with the latest period (202403) reporting $166,785, a significant increase from previous years.
Frequently Asked Questions about Derry Friendship Center Inc
Is Derry Friendship Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Derry Friendship Center Inc (EIN: 20358039) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Derry Friendship Center Inc spend its money?
Derry Friendship Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Derry Friendship Center Inc tax-deductible?
Derry Friendship Center Inc is registered as a tax-exempt nonprofit (EIN: 20358039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Derry Friendship Center Inc CEO make?
Derry Friendship Center Inc's highest-compensated officer earns $72,000 annually. The organization reported $124K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Derry Friendship Center Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Derry Friendship Center Inc is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Derry Friendship Center Inc located?
Derry Friendship Center Inc is headquartered in Derry, New Hampshire and files with the IRS under EIN 20358039. It is classified under NTEE code B990.
How many years of IRS 990 filings does Derry Friendship Center Inc have?
Derry Friendship Center Inc has 13 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 $124K in total revenue.
Is Derry Friendship Center Inc a good charity?
Based on the provided financial data, Derry Friendship Center Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a highly efficient operational model with 0% executive compensation, suggesting a high percentage of funds go directly to programs.
How has the organization's financial health changed over time?
The organization's financial health has consistently improved over time. Assets have more than doubled from $244,616 in 2015 to $588,046 in 2024, and revenue has shown a positive trend, reaching $166,785 in the latest period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Derry Friendship Center Inc has a volunteer-driven leadership model, as evidenced by 0% officer compensation reported in all available IRS 990 filings. This approach significantly minimizes administrative costs.
How efficient is Derry Friendship Center Inc with its spending?
The organization appears highly efficient. Expenses are consistently well below revenue (e.g., $61,613 expenses vs. $166,785 revenue in 2024), leading to significant surpluses and asset growth. The lack of executive compensation further enhances its spending efficiency.
Filing History
IRS 990 filing history for Derry Friendship Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Derry Friendship Center Inc's revenue has grown by 353.3%, moving from $37K to $167K. Total assets increased by 1735.8% over the same period, from $32K to $588K. Total functional expenses rose by 26.4%, from $49K to $62K. In its most recent filing year (2024), Derry Friendship Center Inc reported a surplus of $105K, with revenue exceeding expenses. The organization holds $36K in liabilities against $588K in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $552K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $167K | $62K | $588K | $36K | — | — |
| 2023 | $107K | $59K | $530K | $83K | — | View 990 |
| 2022 | $106K | $51K | $489K | $90K | — | View 990 |
| 2021 | $112K | $43K | $449K | $104K | — | — |
| 2020 | $88K | $61K | $385K | $109K | — | View 990 |
| 2019 | $91K | $53K | $361K | $113K | — | View 990 |
| 2018 | $100K | $40K | $328K | $118K | — | View 990 |
| 2017 | $92K | $61K | $293K | $143K | — | View 990 |
| 2016 | $79K | $51K | $268K | $149K | — | View 990 |
| 2015 | $72K | $48K | $245K | $154K | — | View 990 |
| 2014 | $90K | $56K | $227K | $161K | — | View 990 |
| 2013 | $51K | $51K | $32K | $0 | — | View 990 |
| 2012 | $37K | $49K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $167K, expenses of $62K, and assets of $588K (revenue +56.6% year-over-year).
- 2023: Revenue of $107K, expenses of $59K, and assets of $530K (revenue +0.6% year-over-year).
- 2022: Revenue of $106K, expenses of $51K, and assets of $489K (revenue -5.5% year-over-year).
- 2021: Revenue of $112K, expenses of $43K, and assets of $449K (revenue +26.8% year-over-year).
- 2020: Revenue of $88K, expenses of $61K, and assets of $385K (revenue -2.9% year-over-year).
- 2019: Revenue of $91K, expenses of $53K, and assets of $361K (revenue -9.5% year-over-year).
- 2018: Revenue of $100K, expenses of $40K, and assets of $328K (revenue +9.7% year-over-year).
- 2017: Revenue of $92K, expenses of $61K, and assets of $293K (revenue +15.8% year-over-year).
- 2016: Revenue of $79K, expenses of $51K, and assets of $268K (revenue +9.2% year-over-year).
- 2015: Revenue of $72K, expenses of $48K, and assets of $245K (revenue -19.9% year-over-year).
- 2014: Revenue of $90K, expenses of $56K, and assets of $227K (revenue +76.9% year-over-year).
- 2013: Revenue of $51K, expenses of $51K, and assets of $32K (revenue +39.0% year-over-year).
- 2012: Revenue of $37K, expenses of $49K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Derry Friendship Center Inc:
Data Sources and Methodology
This transparency report for Derry Friendship Center 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.