Friends Of The Hanover Schools Inc
EIN: 26012322 · Hanover, NH
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $28K |
| Net Assets | $84K |
Is Friends Of The Hanover Schools Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The Hanover Schools Inc
Friends Of The Hanover Schools Inc (EIN: 26012322) is a nonprofit organization based in Hanover, NH. The organization reported total revenue of $25K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Hanover Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Hanover Schools Inc is a micro nonprofit that has been operating for 62 years, with 13 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 | $31K |
| Total Expenses | $28K |
| Surplus / Deficit | +$3K |
| Total Assets | $84K |
| Net Assets | $84K |
| Operating Margin | 10.0% |
| Months of Reserves | 36.1 months |
Financial Health Grade: A
In 2023, Friends Of The Hanover Schools Inc reported a surplus of $3K with revenue exceeding expenses, holds 36.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Hanover Schools Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.4% | -13.4% | +26.1% |
| 2022 | -61.4% | -27.7% | -22.3% |
| 2021 | -56.8% | -34.8% | -0.9% |
| 2020 | +206.8% | +40.2% | +62.4% |
| 2019 | +39.4% | +366.0% | -22.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of The Hanover Schools Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Hanover Schools Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Frequently Asked Questions about Friends Of The Hanover Schools Inc
Is Friends Of The Hanover Schools Inc a legitimate charity?
Friends Of The Hanover Schools Inc (EIN: 26012322) is a registered tax-exempt nonprofit based in New Hampshire. It has 13 years of IRS 990 filings on record. Total revenue: $25K. No red flags identified. Financial health grade: A.
How does Friends Of The Hanover Schools Inc spend its money?
Friends Of The Hanover Schools Inc reported $25K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of The Hanover Schools Inc tax-deductible?
Friends Of The Hanover Schools Inc is registered as a tax-exempt nonprofit (EIN: 26012322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Hanover Schools Inc located?
Friends Of The Hanover Schools Inc is headquartered in Hanover, New Hampshire and files with the IRS under EIN 26012322.
How many years of IRS 990 filings does Friends Of The Hanover Schools Inc have?
Friends Of The Hanover Schools 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 $25K in total revenue.
Filing History
IRS 990 filing history for Friends Of The Hanover Schools Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Hanover Schools Inc's revenue has grown by 48.9%, moving from $21K to $31K. Total assets increased by 98.5% over the same period, from $42K to $84K. Total functional expenses rose by 33%, from $21K to $28K. In its most recent filing year (2023), Friends Of The Hanover Schools Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $28K | $84K | $0 | — | View 990 |
| 2022 | $17K | $32K | $67K | $0 | — | View 990 |
| 2021 | $44K | $45K | $86K | $0 | — | — |
| 2020 | $102K | $69K | $87K | $0 | — | — |
| 2019 | $33K | $49K | $53K | $0 | — | View 990 |
| 2018 | $24K | $11K | $69K | $0 | — | View 990 |
| 2017 | $26K | $24K | $54K | $0 | — | View 990 |
| 2016 | $39K | $30K | $53K | $0 | — | View 990 |
| 2015 | $31K | $17K | $44K | $0 | — | View 990 |
| 2014 | $28K | $30K | $30K | $0 | — | View 990 |
| 2013 | $18K | $19K | $32K | $0 | — | View 990 |
| 2012 | $22K | $16K | $33K | $0 | — | View 990 |
| 2011 | $21K | $21K | $42K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $28K, and assets of $84K (revenue +83.4% year-over-year).
- 2022: Revenue of $17K, expenses of $32K, and assets of $67K (revenue -61.4% year-over-year).
- 2021: Revenue of $44K, expenses of $45K, and assets of $86K (revenue -56.8% year-over-year).
- 2020: Revenue of $102K, expenses of $69K, and assets of $87K (revenue +206.8% year-over-year).
- 2019: Revenue of $33K, expenses of $49K, and assets of $53K (revenue +39.4% year-over-year).
- 2018: Revenue of $24K, expenses of $11K, and assets of $69K (revenue -7.4% year-over-year).
- 2017: Revenue of $26K, expenses of $24K, and assets of $54K (revenue -33.5% year-over-year).
- 2016: Revenue of $39K, expenses of $30K, and assets of $53K (revenue +23.9% year-over-year).
- 2015: Revenue of $31K, expenses of $17K, and assets of $44K (revenue +11.9% year-over-year).
- 2014: Revenue of $28K, expenses of $30K, and assets of $30K (revenue +54.9% year-over-year).
- 2013: Revenue of $18K, expenses of $19K, and assets of $32K (revenue -19.7% year-over-year).
- 2012: Revenue of $22K, expenses of $16K, and assets of $33K (revenue +7.4% year-over-year).
- 2011: Revenue of $21K, expenses of $21K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Hanover Schools Inc:
Data Sources and Methodology
This transparency report for Friends Of The Hanover Schools 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.