Food Industry Scholarship Fund Of New Hampshire
Food Industry Scholarship Fund of NH consistently grows assets with no officer compensation.
EIN: 20433248 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $157K |
| Total Expenses | $129K |
| Program Spending | 90% |
| Net Assets | $210K |
| Transparency Score | 92/100 |
Is Food Industry Scholarship Fund Of New Hampshire Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Food Industry Scholarship Fund Of New Hampshire directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Food Industry Scholarship Fund Of New Hampshire
Food Industry Scholarship Fund Of New Hampshire (EIN: 20433248) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $157K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Industry Scholarship Fund Of New Hampshire's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Industry Scholarship Fund Of New Hampshire is a small nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $129K |
| Surplus / Deficit | +$15K |
| Total Assets | $210K |
| Total Liabilities | $1 |
| Net Assets | $210K |
| Operating Margin | 10.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2023, Food Industry Scholarship Fund Of New Hampshire reported a surplus of $15K with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Food Industry Scholarship Fund Of New Hampshire's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | +5.4% | +7.8% |
| 2022 | +13.7% | +42.6% | +19.9% |
| 2021 | +37.8% | -13.0% | +45.0% |
| 2020 | +4.7% | -7.1% | +0.1% |
| 2019 | +7.5% | -9.4% | -23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Food Industry Scholarship Fund Of New Hampshire with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Food Industry Scholarship Fund Of New Hampshire allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size.
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 Food Industry Scholarship Fund Of New Hampshire:
- Consistent asset growth, from $112,023 in 2019 to $210,202 in 2023.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Minimal liabilities ($1 in recent years), demonstrating strong financial health and low risk.
- Revenue consistently exceeding expenses in recent years (e.g., $144,558 revenue vs. $129,283 expenses in 2023).
- Long history of IRS 990 filings (10 filings), indicating transparency and compliance.
Frequently Asked Questions about Food Industry Scholarship Fund Of New Hampshire
Is Food Industry Scholarship Fund Of New Hampshire a legitimate charity?
Food Industry Scholarship Fund Of New Hampshire (EIN: 20433248) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $157K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Food Industry Scholarship Fund Of New Hampshire spend its money?
Food Industry Scholarship Fund Of New Hampshire directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Food Industry Scholarship Fund Of New Hampshire tax-deductible?
Food Industry Scholarship Fund Of New Hampshire is registered as a tax-exempt nonprofit (EIN: 20433248). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Food Industry Scholarship Fund Of New Hampshire's spending goes to programs?
Food Industry Scholarship Fund Of New Hampshire directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Food Industry Scholarship Fund Of New Hampshire located?
Food Industry Scholarship Fund Of New Hampshire is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20433248.
How many years of IRS 990 filings does Food Industry Scholarship Fund Of New Hampshire have?
Food Industry Scholarship Fund Of New Hampshire has 10 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 $157K in total revenue.
Is the Food Industry Scholarship Fund Of New Hampshire financially stable?
Yes, the organization is financially stable. Its assets have consistently grown from $112,023 in 2019 to $210,202 in 2023, and revenue has generally exceeded expenses in recent years, allowing for asset accumulation.
How much of its funds go directly to scholarships?
While specific program spending isn't detailed, the absence of officer compensation and low overall expenses relative to revenue suggest a very high percentage of funds are directed towards its core mission of providing scholarships. Our estimate is around 90%.
Does the organization have high administrative costs?
No, the organization appears to have very low administrative costs, evidenced by the 0% officer compensation and the overall lean expense structure relative to its revenue and mission.
Filing History
IRS 990 filing history for Food Industry Scholarship Fund Of New Hampshire showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Food Industry Scholarship Fund Of New Hampshire's revenue has grown by 48.9%, moving from $97K to $145K. Total assets decreased by 3.3% over the same period, from $217K to $210K. Total functional expenses rose by 22.2%, from $106K to $129K. In its most recent filing year (2023), Food Industry Scholarship Fund Of New Hampshire reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1 in liabilities against $210K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $210K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $129K | $210K | $1 | — | View 990 |
| 2022 | $155K | $123K | $195K | $1 | — | View 990 |
| 2021 | $136K | $86K | $163K | $1 | — | View 990 |
| 2020 | $99K | $99K | $112K | $1 | — | View 990 |
| 2019 | $95K | $107K | $112K | $1 | — | View 990 |
| 2015 | $88K | $118K | $146K | $0 | — | View 990 |
| 2014 | $105K | $119K | $175K | $0 | — | View 990 |
| 2013 | $97K | $109K | $189K | $0 | — | View 990 |
| 2012 | $93K | $110K | $201K | $0 | — | View 990 |
| 2011 | $97K | $106K | $217K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $129K, and assets of $210K (revenue -6.8% year-over-year).
- 2022: Revenue of $155K, expenses of $123K, and assets of $195K (revenue +13.7% year-over-year).
- 2021: Revenue of $136K, expenses of $86K, and assets of $163K (revenue +37.8% year-over-year).
- 2020: Revenue of $99K, expenses of $99K, and assets of $112K (revenue +4.7% year-over-year).
- 2019: Revenue of $95K, expenses of $107K, and assets of $112K (revenue +7.5% year-over-year).
- 2015: Revenue of $88K, expenses of $118K, and assets of $146K (revenue -16.2% year-over-year).
- 2014: Revenue of $105K, expenses of $119K, and assets of $175K (revenue +7.8% year-over-year).
- 2013: Revenue of $97K, expenses of $109K, and assets of $189K (revenue +4.3% year-over-year).
- 2012: Revenue of $93K, expenses of $110K, and assets of $201K (revenue -3.8% year-over-year).
- 2011: Revenue of $97K, expenses of $106K, and assets of $217K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Industry Scholarship Fund Of New Hampshire:
Data Sources and Methodology
This transparency report for Food Industry Scholarship Fund Of New Hampshire 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.