Gilman Home For The Aged
Gilman Home For The Aged shows consistent asset growth and no liabilities, with all-volunteer leadership.
EIN: 20310404 · Laconia, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $115K |
| Total Expenses | $39K |
| Program Spending | 85% |
| Net Assets | $277K |
| Transparency Score | 88/100 |
Is Gilman Home For The Aged Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gilman Home For The Aged directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gilman Home For The Aged
Gilman Home For The Aged (EIN: 20310404) is a nonprofit organization based in Laconia, NH. The organization reported total revenue of $115K and total assets of $595K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilman Home For The Aged's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilman Home For The Aged is a small nonprofit that has been operating for 52 years, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $39K |
| Surplus / Deficit | +$22K |
| Total Assets | $277K |
| Net Assets | $277K |
| Operating Margin | 36.5% |
| Months of Reserves | 85.0 months |
Financial Health Grade: A
In 2016, Gilman Home For The Aged reported a surplus of $22K with revenue exceeding expenses, holds 85.0 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2012–2016), Gilman Home For The Aged's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +91.7% | +24.1% | +8.8% |
| 2015 | -59.0% | -3.1% | +0.2% |
| 2014 | -18.8% | -58.1% | +22.0% |
| 2013 | +38.4% | +71.8% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Gilman Home For The Aged with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Gilman Home For The Aged allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which is highly commendable for a nonprofit of its size and contributes to lower overhead.
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 Gilman Home For The Aged:
- Consistent asset growth from $189,392 in 2012 to $594,803 currently.
- No reported liabilities across all filing periods, indicating strong financial health.
- 0% officer compensation reported, suggesting volunteer leadership and efficient use of funds.
- Expenses generally well below revenue, indicating sound financial management.
- Positive net assets and increasing financial reserves.
Frequently Asked Questions about Gilman Home For The Aged
Is Gilman Home For The Aged a legitimate charity?
Gilman Home For The Aged (EIN: 20310404) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 88/100. It has 5 years of IRS 990 filings on record. Total revenue: $115K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Gilman Home For The Aged spend its money?
Gilman Home For The Aged directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gilman Home For The Aged tax-deductible?
Gilman Home For The Aged is registered as a tax-exempt nonprofit (EIN: 20310404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gilman Home For The Aged's spending goes to programs?
Gilman Home For The Aged directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Gilman Home For The Aged located?
Gilman Home For The Aged is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20310404.
How many years of IRS 990 filings does Gilman Home For The Aged have?
Gilman Home For The Aged has 5 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 $115K in total revenue.
Is Gilman Home For The Aged a good charity?
Based on the available financial data, Gilman Home For The Aged appears to be a well-managed and financially stable charity. It has consistently grown its assets, maintained low expenses relative to revenue, and reports no liabilities. The absence of officer compensation is a strong positive indicator of dedication to its mission.
How has the organization's financial health changed over time?
Gilman Home For The Aged has shown consistent financial improvement. Its assets have more than tripled from $189,392 in 2012 to $594,803 currently, and it has maintained a healthy surplus of revenue over expenses in most periods, indicating strong financial management and growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its executive leadership is entirely volunteer-based. This is a significant strength, as it ensures more funds are available for programmatic activities.
Filing History
IRS 990 filing history for Gilman Home For The Aged showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Gilman Home For The Aged's revenue has declined by 11.6%, moving from $70K to $62K. Total assets increased by 46.2% over the same period, from $189K to $277K. Total functional expenses fell by 13.5%, from $45K to $39K. In its most recent filing year (2016), Gilman Home For The Aged reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $62K | $39K | $277K | $0 | — | View 990 |
| 2015 | $32K | $32K | $255K | $0 | — | View 990 |
| 2014 | $78K | $33K | $254K | $0 | — | View 990 |
| 2013 | $96K | $78K | $208K | $0 | — | View 990 |
| 2012 | $70K | $45K | $189K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $62K, expenses of $39K, and assets of $277K (revenue +91.7% year-over-year).
- 2015: Revenue of $32K, expenses of $32K, and assets of $255K (revenue -59.0% year-over-year).
- 2014: Revenue of $78K, expenses of $33K, and assets of $254K (revenue -18.8% year-over-year).
- 2013: Revenue of $96K, expenses of $78K, and assets of $208K (revenue +38.4% year-over-year).
- 2012: Revenue of $70K, expenses of $45K, and assets of $189K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilman Home For The Aged:
Data Sources and Methodology
This transparency report for Gilman Home For The Aged 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.